§ 5809.01 Trustee duty to comply with act
§ 5809.02 Standard of care – portfolio strategy – risk and return objectives
§ 5809.03 Investment authority – diversification
§ 5809.031 Duties of a trustee with respect to the acquisition, retention, or ownership of a life insurance policy
§ 5809.04 Duties at inception of trusteeship
§ 5809.05 Reviewing compliance
§ 5809.06 Delegation of investment and management functions
§ 5809.07 Language invoking standard of act
§ 5809.08 Application and construction
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Terms Used In Ohio Code > Chapter 5809 - Ohio Uniform Prudent Investor Act

  • 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
  • Fraud: Intentional deception resulting in injury to another.
  • Inter vivos: Transfer of property from one living person to another living person.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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.
  • 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.
  • Rule: includes regulation. See Ohio Code 1.59
  • state: means the state of Ohio. See Ohio Code 1.59
  • Trustee: A person or institution holding and administering property in trust.