Ohio Code § 1111.21
Ohio Code § 1111.21. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1111.21.
(A) The stated capital of a trust company, with the liabilities of the shareholders existing
under the terms of the shares, shall be held as security for the faithful discharge
of the duties undertaken by the trust company in respect to any trust or in any fiduciary
capacity. (B)(1) Except as provided in division (B)(2) of this section, no bond or other security
shall be required from any trust company with respect to any trust or when the trust
company is appointed executor, administrator, guardian, trustee, receiver, assignee,
or safekeeping agent. (2) A court or officer appointing a trust company executor, administrator, guardian,
trustee, receiver, assignee, or safekeeping agent may, upon proper application, require
the trust company to give security for the faithful performance of its duties. The court or officer may revoke the appointment if the trust company fails to give
the security required.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1111.21
- 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 § 1111.21?
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 § 1111.21 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 § 1111.21 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Statutes are amended, repealed, and renumbered every session.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.