Section 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.
Available Versions of this Section
- March 27, 2013 – House Bill 479, 129th General Assembly [ View March 27, 2013 Version ]