Section 5801.21 | Concluding trustee's administration of irrevocable trust.
(A) A trustee may, but is not required to, use the process prescribed in sections 5801.22 and 5801.23 of the Revised Code, as applicable, when concluding the trustee's administration of an irrevocable trust.
(C) Except as otherwise provided in the Revised Code or other applicable law, including the common law, the provisions of sections 5801.22 and 5801.23 of the Revised Code may be used in combination with or in lieu of other options or proceedings available under the Revised Code or other applicable law, including the common law.
(D) A trustee's substantial good-faith compliance with the requirements concerning the contents of the notices described in division (B) of section 5801.22 and division (B) of section 5801.23 of the Revised Code is deemed sufficient.
Last updated March 3, 2023 at 4:26 PM
Available Versions of this Section
- April 3, 2023 – Enacted by Senate Bill 202 - 134th General Assembly [ View April 3, 2023 Version ]