Ohio Code 2109.11 – Bond conditions – testamentary trustees
The bond required by section 2109.04 of the Revised Code of a testamentary trustee shall be conditioned as follows:
Terms Used In Ohio Code 2109.11
- Bond: includes an undertaking. See Ohio Code 1.02
- Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
- Personal property: All property that is not real property.
- Probate: Proving a will
- Property: means real and personal property. See Ohio Code 1.59
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Testator: A male person who leaves a will at death.
- Trustee: A person or institution holding and administering property in trust.
(A) To make and return to the probate court within the time required by section 2109.58 of the Revised Code a true inventory of all moneys, rights, credits, other personal property, and real property belonging to the trust that come to the trustee’s possession or knowledge;
(B) To administer and distribute according to law and the will of the testator all moneys, rights, credits, other personal property and real property belonging to the trust that come to the possession of the trustee or to the possession of any other person for the trustee;
(C) To render a just and true account of the trustee’s administration at the times required by section 2109.303 of the Revised Code.