Ohio Code § 1111.22
Ohio Code § 1111.22. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1111.22.
(A) A trust company shall keep separate and complete records for each fiduciary account
or relationship, including a record of any securities constituting assets of each
particular estate, trust, or account. (B) A trust company may place securities it holds in any fiduciary capacity with a qualified
custodian of securities. A qualified custodian of securities that has custody of securities held by a trust
company in a fiduciary capacity may place those securities with another qualified
custodian of securities. (C) A trust company may register and hold securities it holds in any fiduciary capacity
in its own name, in the name of a nominee, or, if appropriate to the securities, in
bearer form. A custodian of securities that has custody of securities held by a trust company
in a fiduciary capacity may hold or place those securities in the name of the trust
company, the custodian's own name, the name of either of their nominees, or, if appropriate
to the securities, in bearer form. (D) A trust company, and a custodian of securities that has custody of securities held
by a trust company in any fiduciary capacity, may hold securities it holds in any
fiduciary capacity, including those held in bearer form, in bulk, whether or not the
securities are certificated, without certification of ownership attached to the securities. (E) A trust company is liable to an estate, trust, or other fiduciary account for any
loss resulting from any acts or omissions of the trust company, a nominee, or a custodian
of securities relating to securities the trust company holds in any fiduciary capacity. (F)(1) A trust company that serves as a cofiduciary may, with the consent of the other cofiduciaries,
do any of the following: (a) Place securities it holds in any fiduciary capacity with a custodian of securities,
as provided in division (B) of this section; (b) Register and hold securities it holds in any fiduciary capacity in its own name,
in the name of a nominee, or in bearer form, as provided in division (C) of this section; (c) Hold securities it holds in any fiduciary capacity in bulk, as provided in division
(D) of this section. (2) Any person that serves as a cofiduciary with a trust company for any property in
this state consisting of securities may consent to the trust company taking any of
the actions authorized by division (F)(1) of this section.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1111.22
- 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 § 1111.22?
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 § 1111.22 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 § 1111.22 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.