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17 chapters · 226 sections in this title.
Ohio Rev. Code Ann. § 5809.01 Trustee duty to comply with act
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(A)(1) As used in the Revised Code, the "Ohio Uniform Prudent Investor Act" means sections 5809.01 to 5809.08, 5808.03, 5808.05, and 5808.06, division (A) of section 5808.02, and division (B) of section 5808.07 of the Revised Code, and those sections may be cited as the "Ohio Uni…
Ohio Rev. Code Ann. § 5809.02 Standard of care - portfolio strategy - risk and return objectives
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(A) A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this requirement, the trustee shall exercise reasonable care, skill, and caution.(B) …
Ohio Rev. Code Ann. § 5809.03 Investment authority - diversification
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(A) A trustee may invest in any kind of property or type of investment provided that the investment is consistent with the requirements and standards of the Ohio Uniform Prudent Investor Act.(B) A trustee shall diversify the investments of a trust unless the trustee reasonably de…
Ohio Rev. Code Ann. § 5809.031 Duties of a trustee with respect to the acquisition, retention, or ownership of a life insurance policy
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(A) Notwithstanding any other provision of the Ohio Uniform Prudent Investor Act, unless otherwise provided by the terms of the trust, the duties of a trustee with respect to the acquisition, retention, or ownership of a life insurance policy as a trust asset do not include any o…