Ohio Code § 5812.13

§ 5812.13.

(A) A trustee shall allocate to principal an income receipt or disbursement other than

one to which division (A) of section 5812.07 of the Revised Code applies, if its due date occurs before a decedent dies in the case of an estate or

before an income interest begins in the case of a trust or successive income interest. (B) A trustee shall allocate an income receipt or disbursement to income if its due date

occurs on or after the date on which a decedent dies or an income interest begins

and if it is a periodic due date.  An income receipt or disbursement shall be treated as accruing from day to day if

its due date is not periodic or it has no due date.  The portion of the receipt or disbursement accruing before the date on which a decedent

dies or an income interest begins shall be allocated to principal, and the balance

shall be allocated to income. (C) For the purposes of this section, an item of income or an obligation is due on the

date the payer is required to make a payment.  If a payment date is not stated, there is no due date.  Distributions to shareholders or other owners from an entity to which section 5812.18 of the Revised Code applies are deemed to be due on the date fixed by the entity for determining who

is entitled to receive the distribution or, if no date is fixed, on the declaration

date for the distribution.  A due date is periodic for receipts or disbursements that must be paid at regular

intervals under a lease or an obligation to pay interest or if an entity customarily

makes distributions at regular intervals.