§ 2131.01 Present value determinations
§ 2131.02 Legal disability defined
§ 2131.03 Definitions
§ 2131.031 Disability barred as a factor for minor’s caretaker
§ 2131.032 Determination of whether to implement modifications or supportive services
§ 2131.033 Require implementation of modifications or supportive services after positive determination
§ 2131.034 Deny or limit conduct after negative determination
§ 2131.035 Challenging a determination
§ 2131.036 Court requirements upon receiving a challenge to a determination
§ 2131.04 Expectant estates descendible, devisable, and alienable
§ 2131.05 Validity of remainders
§ 2131.06 When expectant estates defeated
§ 2131.07 Estate in fee simple may be made defeasible
§ 2131.08 Rule against perpetuities
§ 2131.09 Exemption of certain trusts
§ 2131.10 Payable on death accounts
§ 2131.11 Release and discharge of payable on death account
§ 2131.12 Joint ownership with right of survivorship in motor vehicle or in watercraft or outboard motor
§ 2131.13 Transfer-on-Death of Motor Vehicle, Watercraft, or Outboard Motor Statute
§ 2131.21 Deposit of securities held in fiduciary capacity

Terms Used In Ohio Code > Chapter 2131 - Miscellaneous

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Another: when used to designate the owner of property which is the subject of an offense, includes not only natural persons but also every other owner of property. See Ohio Code 1.02
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Child: includes child by adoption. See Ohio Code 1.59
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Donee: The recipient of a gift.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Fiduciary: A trustee, executor, or administrator.
  • Grantor: The person who establishes a trust and places property into it.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • in writing: includes any representation of words, letters, symbols, or figures; this provision does not affect any law relating to signatures. See Ohio Code 1.59
  • Inter vivos: Transfer of property from one living person to another living person.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Of unsound mind: means that the person lacks the relevant mental capacity. 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.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • 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.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
  • Rule: includes regulation. See Ohio Code 1.59
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Sole ownership: The type of property ownership in which one individual holds legal title to the property and has full control of it.
  • state: means the state of Ohio. See Ohio Code 1.59
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.