Ohio § 1109.06
Full text of Ohio Ohio Revised Code § 1109.06, with citation guidance and answers to common questions.
§ 1109.06.
(A) Whenever a depositor opens or modifies the ownership of a deposit account by designating
on the signature card the deposit is in trust for another, and no further notice of
the existence and terms of a legal and valid trust is given in writing to the bank,
both of the following apply: (1) The designation on the signature card constitutes clear and convincing evidence of
both of the following: (a) The depositor-trustee's intent is to create a revocable trust for the benefit of
the person for whom the account is designated. (b) One of the terms of the trust is that, on the death of the depositor-trustee, the
balance of the deposit account belongs to the person for whose benefit the account
was designated. (2) No written instrument, other than the signature card, is required to establish the
trust. (B) Upon the death of the depositor-trustee of a deposit account designated as provided
in division (A) of this section, all of the following apply: (1) No part of the account shall pass and descend to the depositor-trustee's estate unless
the estate is the person's for whose benefit the account was designated. (2) The bank may pay all or any part of the account balance to the person designated
on the signature card as the person for whose benefit the account was maintained. (3) The receipt or acquittance of the person designated on the signature card as the
person for whose benefit the account was maintained is sufficient to release and discharge
the bank for any payments from the account to that person.
Frequently Asked Questions About Ohio § 1109.06
What does Ohio Revised Code § 1109.06 cover?
Section 1109.06 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1109.06?
A common citation format is "Ohio Revised Code § 1109.06" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1109.06 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.