Effective: January 1, 2007
Latest Legislation: House Bill 416 - 126th General Assembly
(A) A trustee shall keep adequate records of the administration of the trust.
(B) A trustee shall keep trust property separate from the trustee's own property.
(C) Except as otherwise provided in division (D) of this section and in section 2131.21 of the Revised Code, a trustee not subject to federal or state banking regulation shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.
(D) If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.
Structure Ohio Revised Code
Chapter 5808 | Trust Administration
Section 5808.01 | Duties of Trustee Generally.
Section 5808.02 | Duty of Loyalty to Beneficiaries - Voidable Transactions - Conflicts of Interest.
Section 5808.03 | Multiple Beneficiaries - Duty of Impartiality.
Section 5808.04 | Duty to Act as Prudent Person.
Section 5808.05 | Reasonable Administrative Costs Allowed.
Section 5808.06 | Trustee to Use Any Special Skills or Expertise.
Section 5808.07 | Delegation of Powers and Duties.
Section 5808.08 | Direction of Settlor Contrary to Terms - Power of Modification.
Section 5808.09 | Taking Control and Protection of Property.
Section 5808.10 | Adequate Records of Administration.
Section 5808.11 | Enforcement and Defense of Claims.
Section 5808.12 | Collection of Trust Property - Successor Trustees.
Section 5808.13 | Keeping Beneficiaries Informed - Requests - Required Reports.
Section 5808.14 | Judicial Standard of Review for Discretionary Trusts.
Section 5808.15 | General Powers of Trustee.
Section 5808.16 | Specific Powers of Trustee.
Section 5808.17 | Powers and Duties of Trustee on Termination; Protection From Liability.
Section 5808.18 | Trustee's Power to Make Distributions in Further Trust.