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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1337.35 | Exoneration of agent.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1337 Power Of Attorney
 
Effective:
March 22, 2012
Latest Legislation:
Senate Bill 117 - 129th General Assembly
PDF:
Download Authenticated PDF
 

A provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal's successors in interest except to the extent that either of the following applies:

(A) The provision relieves the agent of liability for breach of duty committed dishonestly, with an improper motive, or with reckless indifference to the purposes of the power of attorney or the best interest of the principal.

(B) The provision was inserted as a result of an abuse of a confidential or fiduciary relationship with the principal.

Available Versions of this Section