Ohio Code 1719.05 – Prosecuting attorney may enforce administration of trust – annual financial report
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The prosecuting attorney of the county in which a charitable trust incorporated as provided in section 1719.01 of the Revised Code has its general office may examine the accounts and records of such corporation, and may proceed by action in the proper courts to enforce the administration of the trust and the investment and application of its funds and property in accordance with the deed or will creating it.
Terms Used In Ohio Code 1719.05
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Probate: Proving a will
- Property: means real and personal property. See Ohio Code 1.59
A copy of the annual financial report of the corporation showing the condition of said trust shall be filed with the probate judge of said county each year.