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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 5816.13 | Discretionary interests not property of a beneficiary.

Ohio Revised Code
/
Title 58 Trusts
/
Chapter 5816 Ohio Legacy Trust Act
 
Effective:
March 27, 2013
Latest Legislation:
House Bill 479 - 129th General Assembly
PDF:
Download Authenticated PDF
 

No beneficiary or other person shall be considered to have a property interest in any property of a legacy trust to the extent that the distribution of that property is subject to the discretion of one or more qualified trustees or advisors, either acting alone or in conjunction with any other person, including any person authorized to veto any distributions from the legacy trust.

Available Versions of this Section