Section 5802.05 | Provision regarding arbitration of disputes.
March 22, 2019
House Bill 595 - 132nd General Assembly
(A) A provision in the terms of a trust, excluding a testamentary trust, that requires the arbitration of disputes, other than disputes of the validity of all or a part of a trust instrument, between or among the beneficiaries and a fiduciary under the trust, or a combination of those persons or entities, is enforceable.
(B) Unless otherwise specified in the terms of the trust, a trust provision requiring arbitration as described in division (A) of this section shall be presumed to require binding arbitration under Chapter 2711. of the Revised Code.
Available Versions of this Section
- March 22, 2019 – Enacted by House Bill 595 - 132nd General Assembly [ View March 22, 2019 Version ]