Effective: January 1, 2007
Latest Legislation: House Bill 416 - 126th General Assembly
The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted by the Ohio Uniform Prudent Investor Act: "investments permissible by law for investment of trust funds"; "legal investments"; "authorized investments"; "using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds considering the probable income as well as the probable safety of their capital"; "prudent man rule"; "prudent trustee rule"; "prudent person rule"; and "prudent investor rule."
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.