Ohio § 1111.21
Full text of Ohio Ohio Revised Code § 1111.21, with citation guidance and answers to common questions.
§ 1111.21.
(A) The stated capital of a trust company, with the liabilities of the shareholders existing
under the terms of the shares, shall be held as security for the faithful discharge
of the duties undertaken by the trust company in respect to any trust or in any fiduciary
capacity. (B)(1) Except as provided in division (B)(2) of this section, no bond or other security
shall be required from any trust company with respect to any trust or when the trust
company is appointed executor, administrator, guardian, trustee, receiver, assignee,
or safekeeping agent. (2) A court or officer appointing a trust company executor, administrator, guardian,
trustee, receiver, assignee, or safekeeping agent may, upon proper application, require
the trust company to give security for the faithful performance of its duties. The court or officer may revoke the appointment if the trust company fails to give
the security required.
Frequently Asked Questions About Ohio § 1111.21
What does Ohio Revised Code § 1111.21 cover?
Section 1111.21 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 § 1111.21?
A common citation format is "Ohio Revised Code § 1111.21" (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 § 1111.21 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.