Ohio Revised Code Search
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Section 2109.11 | Bond conditions - testamentary trustees.
... property belonging to the trust that come to the trustee's possession or knowledge; (B) To administer and distribute according to law and the will of the testator all moneys, rights, credits, other personal property and real property belonging to the trust that come to the possession of the trustee or to the possession of any other person for the trustee; (C) To render a just and true account of the trustee'... |
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Section 2109.12 | Bond conditions - guardians.
...al property belonging to the ward that come to the guardian's possession or knowledge; (B) To administer and distribute according to law all moneys, rights, credits, other personal property, and real property belonging to the ward that come to the possession of the guardian or to the possession of any other person for the guardian; (C) To render a just and true account of the guardian's administration at any t... |
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Section 2109.13 | Deposit of personal property in lieu of bond.
... value of the estate, and the period of time the assets will remain in the possession of the fiduciary, finds that the original bond previously given and then in force will be sufficient to protect the estate; otherwise, the court, as a condition to the release of the personal property deposited, shall require the fiduciary to execute an additional bond in an amount that the court determines. After the deposit has b... |
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Section 2109.14 | Deposit of works of art in museum authorized - reduction of bond.
...erty deposited shall not be withdrawn from the custody of the depository or otherwise deposited except upon the special order of the court. The probate judge may impose any conditions relative to insurance and the care and protection of the property deposited that the court thinks best for the interests of the estate and the beneficiaries of the estate. After the deposit has been made, a receipt for that proper... |
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Section 2109.15 | Informality of bond.
...nformality or illegality in the appointment of such fiduciary. Such bond shall have the same effect as if the appointment had been legally made and the bond executed in proper form. |
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Section 2109.16 | One bond for two or more wards.
...ren of the same parentage and inherit from the same estate, separate bonds shall not be required. In such cases, only one application for letters of guardianship is necessary, and the letters issued to such guardian shall be in one copy and not one copy for each minor. The probate court approving and recording the bond of the guardian, if any, and issuing such letters shall charge the fees allowed by section 2101.16 ... |
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Section 2109.17 | Sureties.
...ented by the fiduciary existing at the time the fiduciary was appointed; but the surety shall be liable to the extent that the debt has been made uncollectible by wrongful act of the fiduciary after appointment. |
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Section 2109.18 | Release of a fiduciary's sureties.
...duciary. Such surety shall file a written request therefor with the probate judge of such court and give at least five days' notice in writing to such fiduciary. If, upon the hearing, the court is of the opinion that there is good reason therefor, it shall release such surety. The death of a surety shall always be good cause. A fiduciary may make application at any time to the court for the release of the fiduciar... |
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Section 2109.19 | Bond of indemnity to surety.
...refusal to execute the bond within the time ordered, the court may remove the fiduciary, revoke the fiduciary's letters of appointment, and appoint another fiduciary in the fiduciary's place. |
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Section 2109.20 | Guardian may give real property mortgage to secure bond.
... execute to the ward a mortgage upon unencumbered real property. The guardian first shall furnish to the probate court a title guarantee or a mortgagee's title insurance policy for the benefit of the guardianship, with respect to the real property, and it shall be shown to the court's satisfaction that, exclusive of improvements on the real property, the real property is of a value sufficient to secure the bon... |
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Section 2109.21 | Residence qualifications of fiduciary.
... decedent that are in the county at the time of the death of the decedent will remain in the county until distribution or until the court determines that the assets may be removed from the county. (d) The court may require a nonresident private trust company or family trust company appointed under division (B)(1)(a)(ii) of this section to appoint a resident agent to accept service of process, notices, and other do... |
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Section 2109.22 | Marriage no disqualification for fiduciary.
...s before or after the person's appointment and qualification, and all of the person's acts in that capacity shall have the same validity as though the person were unmarried. |
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Section 2109.24 | Resignation or removal of fiduciary.
...itual drunkenness, neglect of duty, incompetency, or fraudulent conduct, because the interest of the property, testamentary trust, or estate that the fiduciary is responsible for administering demands it, or for any other cause authorized by law. The court may remove a testamentary trustee upon the written application of more than one-half of the persons having an interest in the estate controlled by the testa... |
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Section 2109.25 | Fiduciary in military service - removal and reinstatement.
...duciary is at the time a suitable and competent person and has the qualifications as to residence required by section 2109.21 of the Revised Code. If the person is reappointed, the court shall remove the substitute fiduciary and revoke the substitute fiduciary's letters of appointment and shall make such further order or decree as justice requires. (B) As used in this section, "military service" means any serv... |
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Section 2109.26 | Vacancy before termination of the trust - accounting - successor fiduciary.
...r or administrator. If no estate is commenced for a deceased fiduciary, the deceased fiduciary's successor shall file the final account. If the fiduciary is a dissolved corporation, the final account shall be filed by those persons that are charged by law with winding up the affairs of the dissolved corporation. The court shall cause the proceedings to be had as are provided by sections 2109.30 to 2109.36 of th... |
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Section 2109.27 | Surviving fiduciaries.
...ete account covering all matters to the time of such death, resignation, or removal. |
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Section 2109.28 | Merger of fiduciaries.
...robate court, and without a new appointment, succeed to the rights and duties of all predecessor companies, as fiduciary. A purchase of substantially all the assets and assumption of substantially all the liabilities is a merger for the purposes of sections 2109.01 to 2109.58, inclusive, of the Revised Code. In all cases of merger or consolidation the bond given by any predecessor fiduciary shall remain liable for al... |
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Section 2109.29 | Rights as to shares in corporation.
... a decedent, ward, or beneficiary for whom such fiduciary is acting. |
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Section 2109.30 | Accounts of fiduciaries.
... Revised Code. (B) An account showing complete administration before distribution of assets shall be designated "final account." An account filed subsequent to the final account and showing distribution of assets shall be designated "account of distribution." An account showing complete administration and distribution of assets shall be designated "final and distributive account." |
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Section 2109.301 | Administrator or executor rendering account.
...final account within thirty days after completing the administration of the estate or within any other period of time that the court may order. Every account shall include an itemized statement of all receipts of the administrator or executor during the accounting period and of all disbursements and distributions made by the executor or administrator during the accounting period. In addition, the account shall inclu... |
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Section 2109.302 | Guardian or conservator rendering account.
...final account within thirty days after completing the administration of the ward's estate or within any other period of time that the court may order. Every account shall include an itemized statement of all receipts of the guardian or conservator during the accounting period and of all disbursements and distributions made by the guardian or conservator during the accounting period. The itemized disbursements... |
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Section 2109.303 | Testamentary trustee rendering account.
...inal account within thirty days after completing the administration of the estate or trust or shall file a final account within any other period of time that the court may order. Every account shall include an itemized statement of all receipts of the testamentary trustee or other fiduciary during the accounting period and of all disbursements and distributions made by the testamentary trustee or other fiduci... |
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Section 2109.31 | Citation to fiduciary to file account.
... be entitled; (3) A continuance of the time for filing the account, inventory, certificate of notice of probate of will, or report; (4) An assessment against the fiduciary of a penalty of one hundred dollars and costs of twenty-five dollars for the hearing, or a suspension of all or part of the penalty and costs; (5) That the fiduciary is in contempt of the court for the failure to comply with the citation and tha... |
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Section 2109.32 | Hearing on fiduciary's account.
...ing of the final account or otherwise comes into possession of assets belonging to the estate after the filing of the final account, the executor or administrator shall file a supplemental final account with respect to the disposition of the assets and shall provide a copy of the supplemental final account to each heir of an intestate estate or to each beneficiary of a testate estate, as provided in division (... |
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Section 2109.33 | Service of additional notice - exceptions to account.
...account and into all matters that may come before the court at the hearing on the account, and to file any exceptions that the person may have to the account at least five days prior to the hearing on the account, and that upon the person's failure to file exceptions, the account may be approved without further notice. If the person to be notified was not a party to the proceeding in which any prior account was... |