Ohio Code § 1125.27
Ohio Code § 1125.27. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1125.27.
(A) The receiver may appoint a successor to all rights, obligations, assets, deposits,
agreements, and trusts held by the closed state bank as trustee, administrator, executor,
guardian, agent, or in any other fiduciary or representative capacity. The successor's duties and obligations commence upon appointment to the same extent
they are binding upon the former bank and as though the successor had originally assumed
the duties and obligations. Specifically, the successor shall succeed to and be entitled to administer all trusteeships,
administrations, executorships, guardianships, agencies, and all other fiduciary or
representative proceedings to which the closed bank is named or appointed in wills,
whenever probated, or to which it is appointed by any other instrument, court order,
or operation of law. (B) Within sixty days after appointment, the successor shall give written notice, insofar
as practicable, to all interested parties named in the books and records of the bank
or in trust documents held by it, that the successor has been appointed in accordance
with state law. (C) Nothing in this section shall be construed to impair any right of the grantor or
beneficiaries of trust assets to secure the appointment of a substituted trustee or
manager.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1125.27
- 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 § 1125.27?
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 § 1125.27 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 § 1125.27 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Statutes are amended, repealed, and renumbered every session.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.