Each member of the governing board of a family trust company shall take and subscribe an oath that the member will administer the affairs of the family trust company diligently and honestly and that the member will not knowingly or willfully permit noncompliance with or violation of any of the laws relating to family trust companies.

Terms Used In Ohio Code 1112.06

  • Family trust company: means a corporation or limited liability company organized under the laws of this state that meets all of the following requirements:

    (1)¿It is organized to serve only family clients. See Ohio Code 1112.01