Section 2105.31 | Uniform simultaneous death act definitions.
As used in sections 2105.31 to 2105.40 of the Revised Code:
(A) "Co-owners with right of survivorship" includes joint tenants, tenants by the entireties, and other co-owners of property or accounts held under circumstances that entitle one or more individuals to the whole of the property or account on the death of the other individual or individuals.
(B) "Governing instrument" means a deed, will, trust, insurance or annuity policy, account with a transfer-on-death designation or the abbreviation TOD, account with a payable-on-death designation or the abbreviation POD, transfer-on-death designation affidavit, pension, profit-sharing, retirement, or similar benefit plan, instrument creating or exercising a power of appointment or a power of attorney, or a dispositive, appointive, or nominative instrument of any similar type.
(C) "Payor" means a trustee, insurer, business entity, employer, government, governmental agency, political subdivision or instrumentality, or any other person authorized or obligated by law or a governing instrument to make payments or transfers.
Available Versions of this Section
- April 14, 2006 – House Bill 81 - 126th General Assembly [ View April 14, 2006 Version ]
- April 6, 2017 – Amended by House Bill 432 - 131st General Assembly [ View April 6, 2017 Version ]