Effective: January 1, 2007
Latest Legislation: House Bill 416 - 126th General Assembly
(A) A trust may be created to provide for the care of an animal alive during the settlor's lifetime. The trust terminates upon the death of the animal or, if the trust was created to provide for the care of more than one animal alive during the settlor's lifetime, upon the death of the last surviving animal.
(B) A person appointed in the terms of a trust or, if no person is so appointed, a person appointed by the court may enforce a trust authorized by this section. A person having an interest in the welfare of an animal that is provided care by a trust authorized by this section may request the court to appoint a person to enforce the trust or to remove a person appointed.
(C) The property of a trust authorized by this section may be applied only to its intended use, except to the extent the court determines that the value of the trust property exceeds the amount required for the intended use. Except as otherwise provided in the terms of the trust, property not required for the intended use must be distributed to the settlor if then living or to the settlor's successors in interest.
Structure Ohio Revised Code
Chapter 5804 | Creation, Modification, Revocation, and Termination
Section 5804.01 | Methods of Creation of Trusts.
Section 5804.02 | General Requirements for Creation of Trust.
Section 5804.03 | Validity of Nontestamentary Trusts.
Section 5804.04 | Trust Purposes Must Be Legitimate.
Section 5804.05 | Purposes of Charitable Trust - Enforcement.
Section 5804.06 | Trust Induced by Fraud, Duress, or Undue Influence Void.
Section 5804.07 | Written Instrument Not Required.
Section 5804.08 | Trust to Provide for Care of Animal.
Section 5804.09 | Trust Created for Noncharitable Purpose.
Section 5804.10 | Termination of Trust by Revocation or by Terms.
Section 5804.11 | Termination or Modification of Noncharitable Irrevocable Trust.
Section 5804.12 | Judicial Action Due to Change of Circumstances.
Section 5804.13 | Judicial Action Where Charitable Purpose Frustrated.
Section 5804.14 | Termination or Modification Where Costs Exceed Value.
Section 5804.15 | Reformation to Conform to Settlor's Intention.
Section 5804.16 | Modification to Achieve Settlor's Tax Objectives.