Ohio Code § 5812.26
Ohio Code § 5812.26. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5812.26.
(A) An amount received as interest, whether determined at a fixed, variable, or floating
rate, on an obligation to pay money to the trustee, including an amount received as
consideration for prepaying principal, shall be allocated to income without any provision
for amortization of premium. (B) A trustee shall allocate to principal an amount received from the sale, redemption,
or other disposition of an obligation to pay money to the trustee more than one year
after the date it is purchased or acquired by the trustee, including an obligation
whose purchase price or value when it is acquired is less than its value at maturity. If the obligation matures within one year after the date it is purchased or acquired
by the trustee, an amount received in excess of its purchase price or its value when
acquired by the trust shall be allocated to income. (C) This section does not apply to an obligation to which section 5812.32 , 5812.33 , 5812.34 , 5812.35 , 5812.37 , or 5812.38 of the Revised Code applies.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5812.26
- 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 § 5812.26?
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 § 5812.26 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 § 5812.26 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Statutes are amended, repealed, and renumbered every session.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.