Ohio § 1111.18
Full text of Ohio Ohio Revised Code § 1111.18, with citation guidance and answers to common questions.
§ 1111.18.
(A) A trust company shall segregate all assets held in any fiduciary capacity from the
trust company's own assets, and shall keep its fiduciary records separate and distinct
from the trust company's other records. (B) A trust company shall not use funds received in any fiduciary capacity in conducting
the trust company's business. However, if the trust company is a bank, savings and loan association, or savings
bank authorized to engage in business in addition to trust business, the trust company
may invest the funds received in a fiduciary capacity in a deposit account or instrument
of the trust company as specifically permitted by section 1111.13 of the Revised Code . No person shall access any property held by a trust company in trust to satisfy
a liability of the trust company. (C) A trust company shall not accept or, if the trust company is a bank, savings and
loan association, or savings bank authorized to engage in business in addition to
trust business, shall not in its trust department accept, deposits of current funds
subject to check or the deposit of checks, drafts, bills of exchange, or other items
for collection or exchange purposes.
Frequently Asked Questions About Ohio § 1111.18
What does Ohio Revised Code § 1111.18 cover?
Section 1111.18 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 § 1111.18?
A common citation format is "Ohio Revised Code § 1111.18" (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 § 1111.18 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.