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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 1746.12 | Shares of beneficial interest.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1746 Business Trusts
 
Effective:
March 18, 1983
Latest Legislation:
Senate Bill 435 - 114th General Assembly
PDF:
Download Authenticated PDF
 

(A) Unless otherwise provided in the trust instrument, shares of beneficial interest need not be evidenced by certificates.

(B) For purposes of Title XIII of the Revised Code, shares of beneficial interest, however designated, in a business trust shall be treated as personal property, notwithstanding the nature of the property of which the business trust shall consist, and shall be subject to attachment and execution. Unless otherwise provided in the trust instrument, such shares may be pledged by the holders thereof.

(C) A share of a beneficial interest in the trust estate of a business trust is a security subject to Chapter 1707. of the Revised Code.

Available Versions of this Section