Effective: January 1, 2007
Latest Legislation: House Bill 416 - 126th General Assembly
A trustee shall take reasonable steps to collect trust property held by third persons. The responsibility of a successor trustee with respect to the administration of the trust by a prior trustee shall be governed by section 5815.24 of the Revised Code.
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.