Effective: January 1, 2007
Latest Legislation: House Bill 416 - 126th General Assembly
(A) A trustee may invest in any kind of property or type of investment provided that the investment is consistent with the requirements and standards of the Ohio Uniform Prudent Investor Act.
(B) A trustee shall diversify the investments of a trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying.
Structure Ohio Revised Code
Chapter 5809 | Ohio Uniform Prudent Investor Act
Section 5809.01 | Trustee Duty to Comply With Act.
Section 5809.02 | Standard of Care - Portfolio Strategy - Risk and Return Objectives.
Section 5809.03 | Investment Authority - Diversification.
Section 5809.04 | Duties at Inception of Trusteeship.
Section 5809.05 | Reviewing Compliance.
Section 5809.06 | Delegation of Investment and Management Functions.