Effective: January 1, 2007
Latest Legislation: House Bill 416 - 126th General Assembly
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of trust assets in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and in order to comply with the requirements and standards of the Ohio Uniform Prudent Investor Act.
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.