Ohio Code § 2131.10
Ohio Code § 2131.10. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 2131.10.
A natural person, adult or minor, referred to in sections 2131.10 and 2131.11 of the Revised Code as the owner, may enter into a written contract with any bank, building and loan
or savings and loan association, credit union, or society for savings, authorized
to receive money on an investment share certificate, share account, deposit, or stock
deposit, and transacting business in this state, whereby the proceeds of the owner's
investment share certificate, share account, deposit, or stock deposit may be made
payable on the death of the owner to another person or to any entity or organization,
referred to in such sections as the beneficiary, notwithstanding any provisions to
the contrary in Chapter 2107. of the Revised Code. In creating such accounts, “payable on death” or “payable on the death of” may be
abbreviated to “P.O.D.” Every contract of an investment share certificate, share account, deposit, or stock
deposit authorized by this section shall be deemed to contain a right on the part
of the owner during the owner's lifetime both to withdraw the proceeds of such investment
share certificate, share account, deposit, or stock deposit, in whole or in part,
as though no beneficiary has been named, and to designate a change in beneficiary. The interest of the beneficiary shall be deemed not to vest until the death of the
owner. No change in the designation of the beneficiary shall be valid unless executed in
the form and manner prescribed by the bank, building and loan or savings and loan
association, credit union, or society for savings.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 2131.10
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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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 § 2131.10?
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 § 2131.10 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 § 2131.10 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.
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