Ohio § 1112.13
Full text of Ohio Ohio Revised Code § 1112.13, with citation guidance and answers to common questions.
§ 1112.13.
(A) Each licensed family trust company shall obtain and maintain all of the following: (1) Fidelity bonds in such amounts as it considers advisable, but not less than an aggregate
amount of one million dollars, on any active officer, manager, family member acting
in a managerial capacity, or employee, whether or not such persons receive a salary
or other compensation from the family trust company, to indemnify it against loss
because of any dishonest, fraudulent, or criminal act or omission by any of the persons
bonded, acting alone or in combination with any other person. The bonds may be in any form and may be paid for by the family trust company. (2) Directors and officers liability insurance coverage in the amount of at least one
million dollars. (B) A licensed family trust company may also procure property and casualty insurance
of a nature and with such coverage amounts as it considers advisable.
Frequently Asked Questions About Ohio § 1112.13
What does Ohio Revised Code § 1112.13 cover?
Section 1112.13 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 § 1112.13?
A common citation format is "Ohio Revised Code § 1112.13" (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 § 1112.13 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.