Ohio Code § 5812.37

§ 5812.37.

(A) As used in this section, “ derivative ” means a contract or financial instrument or a combination of contracts and financial

instruments that gives a trust the right or obligation to participate in some or all

changes in the price of a tangible or intangible asset or group of assets, or changes

in a rate, an index of prices or rates, or other market indicator for an asset or

a group of assets. (B) To the extent that a trustee does not account under section 5812.20 of the Revised Code for transactions in derivatives, the trustee shall allocate to principal receipts

from and disbursements made in connection with those transactions. (C) If a trustee grants an option to buy property from the trust, whether or not the

trust owns the property when the option is granted, grants an option that permits

another person to sell property to the trust, or acquires an option to buy property

for the trust or an option to sell an asset owned by the trust, and the trustee or

other owner of the asset is required to deliver the asset if the option is exercised,

an amount received for granting the option shall be allocated to principal.  An amount paid to acquire the option shall be paid from principal.  A gain or loss realized upon the exercise of an option, including an option granted

to a settlor of the trust for services rendered, shall be allocated to principal.