Ohio Code 5808.03 – Multiple beneficiaries – duty of impartiality
Current as of: 2024 | Check for updates
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If a trust has two or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries’ respective interests.
Terms Used In Ohio Code 5808.03
- Property: means real and personal property. See Ohio Code 1.59
- Trustee: A person or institution holding and administering property in trust.
