5816.11 Trust advisors; eligibility; default fiduciary status.

(A) Any person may serve as an advisor of a legacy trust except that a transferor may act as an advisor only in connection with investment decisions.

(B) An advisor shall be considered a fiduciary unless the terms of a legacy trust instrument expressly provide otherwise.

Cite as R.C. § 5816.11

History. Added by 129th General AssemblyFile No.201, HB 479, §1, eff. 3/27/2013.