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17 chapters · 226 sections in this title.
Ohio Rev. Code Ann. § 5807.01 Acceptance or rejection of trusteeship
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(A) Except as otherwise provided in division (C) of this section, a person designated as trustee accepts the trusteeship by substantially complying with a method of acceptance provided in the terms of the trust or, if the terms of the trust do not provide a method or the method p…
Ohio Rev. Code Ann. § 5807.02 Bond of trustee
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(A) A trustee shall give bond to secure performance of the trustee's duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement.(B) The court may …
Ohio Rev. Code Ann. § 5807.03 Cotrustees - delegation - liability
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(A) If there are three or more cotrustees serving, the cotrustees may act by majority decision.(B) If a vacancy occurs in a cotrusteeship, the remaining cotrustees may act for the trust.(C) A cotrustee must participate in the performance of a trustee's function unless the cotrust…
Ohio Rev. Code Ann. § 5807.04 Vacancy defined - priority in filling - additional trustees
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(A) A vacancy in a trusteeship occurs under any of the following circumstances:(1) A person designated as trustee rejects the trusteeship;(2) A person designated as trustee cannot be identified or does not exist;(3) A trustee resigns;(4) A trustee is disqualified or removed;(5) A…