Ohio Code § 1111.16
Ohio Code § 1111.16. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1111.16.
(A) A trust company may receive and hold money and other property in a fiduciary capacity
generally in trust as trustee unless the instrument or other authority appointing
the trust company as trustee directs that the money and property be held, in whole
or in part, separately from other money and property held in a fiduciary capacity. (B) Moneys held in a fiduciary capacity by a trust company may, pending distribution,
payment of current obligations, or investment, be treated as a deposit in the trust
company. Such moneys may also be deposited in an affiliate of the trust company that is authorized
to receive deposits, or in any other institution that is authorized to receive deposits. In the event the trust company, affiliate, or other institution in which such moneys
are deposited becomes insolvent, closes, or is suspended, the claims for such moneys
shall be preferred. The assets of the trust company, affiliate, or other institution in which such moneys
are deposited shall be impressed with a trust for the payment of such claims.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1111.16
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1111.16?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1111.16 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1111.16 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.