Effective: January 1, 2007
Latest Legislation: House Bill 416 - 126th General Assembly
(A) Unless a cotrustee remains in office or the court otherwise orders, and until the trust property is delivered to a successor trustee or other person entitled to it, a trustee who has resigned or been removed has the duties of a trustee and the powers necessary to protect the trust property.
(B) A trustee who has resigned or been removed shall proceed expeditiously to deliver the trust property within the trustee's possession to the cotrustee, successor trustee, or other person entitled to it.
Structure Ohio Revised Code
Section 5807.01 | Acceptance or Rejection of Trusteeship.
Section 5807.02 | Bond of Trustee.
Section 5807.03 | Cotrustees - Delegation - Liability.
Section 5807.04 | Vacancy Defined - Priority in Filling - Additional Trustees.
Section 5807.05 | Resignation of Trustee - Notice - Approval.
Section 5807.06 | Removal of Trustee - Grounds - Protective Measures.
Section 5807.07 | Powers and Duties of Removed or Resigned Trustee.
Section 5807.08 | Compensation of Trustee.
Section 5807.09 | Reimbursement of Trustee for Administrative Expenses.