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17 chapters · 226 sections in this title.
Ohio Rev. Code Ann. § 5808.01 Duties of trustee generally
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Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with Chapters 5801. to 5811. of the Revised Code.
Ohio Rev. Code Ann. § 5808.02 Duty of loyalty to beneficiaries - voidable transactions - conflicts of interest
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(A) A trustee shall administer the trust solely in the interests of the beneficiaries. (B) Subject to the rights of persons dealing with or assisting the trustee as provided in section 5810.12 of the Revised Code, a sale, encumbrance, or other transaction involving the investment…
Ohio Rev. Code Ann. § 5808.03 Multiple beneficiaries - duty of impartiality
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If a trust has two or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries' respective interests.
Ohio Rev. Code Ann. § 5808.04 Duty to act as prudent person
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A trustee shall administer the trust as a prudent person would and shall consider the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.