Ohio Code § 1112.05

§ 1112.05.

(A) Notwithstanding any other provision of law to the contrary, while acting as the fiduciary

of a trust, a family trust company may do all of the following: (1) Invest in a security of an investment company or investment trust for which the family

trust company or a family affiliate provides services in a capacity other than as

a fiduciary; (2) Place a security transaction using a broker that is a family affiliate; (3) Invest in an investment contract that is purchased from an insurance company or carrier

owned by or affiliated with the family trust company or a family affiliate; (4) Enter into an agreement with a beneficiary or grantor of a trust relative to the

appointment or compensation of the fiduciary or a family affiliate; (5) Transact with another trust, estate, guardianship, or conservatorship for which the

family trust company is a fiduciary or in which a beneficiary has an interest; (6) Make an equity investment in a nonpublicly traded entity that may or may not be marketable

and that is owned or controlled, either directly or indirectly, by one or more beneficiaries,

family members, or family affiliates; (7) Deposit trust money in a financial institution that is owned or operated by a family

affiliate; (8) Delegate the authority to conduct any transaction or action under this section to

an agent of the family trust company or a family affiliate; (9) Purchase, sell, hold, own, or invest in any security, bond, real or personal property,

stock, or other asset of a family affiliate; (10) Loan money to or borrow money from a family member or the family member's legal representative,

another trust managed by the family trust company, or a family affiliate; (11) Act as proxy in voting any shares of stock that are assets of the trust; (12) Exercise any powers of control with respect to any interest in a business entity

that is an asset of the trust, including, without limitation, the appointment of officers

or directors who are family members; (13) Receive reasonable compensation for its services. (B) After full disclosure to the governing body of the family trust company is provided,

nothing in this section prohibits a family trust company from entering into a transaction

with or investing in any asset of any of the following: (1) A trust, estate, guardianship, or conservatorship for which the family trust company

is a fiduciary; (2) A family affiliate; (3) Any other business entity, agent, or person for which a conflict of interest may

exist.