Ohio Code 1739.17 – Fiduciary status of trustee, officer or third-party administrator
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A trustee, officer, or third-party administrator of a multiple employer welfare arrangement operating a group self-insurance program that receives, collects, disburses, or invests money in connection with the activities of the arrangement is a fiduciary as defined in the “Employee Retirement Income Security Act of 1974,” 88 Stat. 829, 29 U.S.C.A. 1001, as amended.
Terms Used In Ohio Code 1739.17
- Fiduciary: A trustee, executor, or administrator.
- Trustee: A person or institution holding and administering property in trust.