Ohio Code § 5815.24
Ohio Code § 5815.24. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5815.24.
(A) As used in this section, “ fiduciary ” means a trustee under any expressed, implied, resulting, or constructive trust;
an executor, administrator, public administrator, committee, guardian, conservator,
curator, receiver, trustee in bankruptcy, or assignee for the benefit of creditors;
a partner, agent, officer of a public or private corporation, or public officer;
or any other person acting in a fiduciary capacity for any person, trust, or estate. (B) A fiduciary, or a custodian, who is a transferee of real or personal property that
is held by a fiduciary other than the person or entity serving as the transferee,
is not required to inquire into any act, or audit any account, of the transferor fiduciary,
unless the transferee is specifically directed to do so in the instrument governing
the transferee or unless the transferee has actual knowledge of conduct of the transferor
that would constitute a breach of the transferor's fiduciary responsibilities. (C) If a trustee is authorized or directed in a trust instrument to pay or advance all
or any part of the trust property to the personal representative of a decedent's estate
for the payment of the decedent's legal obligations, death taxes, bequests, or expenses
of administration, the trustee is not liable for the application of the trust property
paid or advanced to the personal representative and is not liable for any act or omission
of the personal representative with respect to the trust property, unless the trustee
has actual knowledge, prior to the payment or advancement of the trust property, that
the personal representative does not intend to use the trust property for such purposes. (D) Regardless of whether a beneficiary is subject to the claims of any creditor, a trustee
may pay any expense incurred by a beneficiary to the extent that payment is permitted
by the instrument governing the trust, and the trustee may make those payments even
if the payments exhaust the income and principal of the trust. A trustee is not liable to any creditor of a beneficiary for paying the expenses
of a beneficiary as allowed by this division.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5815.24
- 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 § 5815.24?
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 § 5815.24 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 § 5815.24 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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