Effective: June 1, 2009
Latest Legislation: House Bill 522 - 127th General Assembly
(A) Nothing in sections 5813.01 to 5813.05 of the Revised Code affects the construction or interpretation of sections 1715.51 to 1715.59 of the Revised Code relating to the uniform prudent management of institutional funds act. Specifically, neither the percentage set forth in division (B) of section 5813.02 of the Revised Code nor the amount actually requested by a governing board pursuant to that section shall be construed or interpreted to limit or expand what is a prudent amount that can be expended by a governing board of an institution under sections 1715.51 to 1715.59 of the Revised Code.
(B) If an institutional trust fund is also an institutional fund as defined in division (C) of section 1715.51 of the Revised Code with the result that sections 1715.51 to 1715.59 of the Revised Code also are applicable to the institutional trust fund, then sections 1715.51 to 1715.59 of the Revised Code apply to the institutional trust fund, and sections 5813.01 to 5813.07 of the Revised Code do not apply to the institutional trust fund.
Structure Ohio Revised Code
Chapter 5813 | Institutional Trust Funds Act
Section 5813.01 | Institutional Trust Funds Act Definitions.
Section 5813.02 | Maximum Annual Distribution From Institutional Trust Fund.
Section 5813.03 | Settlor's Intention That Income Be Otherwise Determined.
Section 5813.04 | Standard of Care.
Section 5813.06 | Relationship of Chapter to Uniform Management of Institutional Funds Act.