Ohio § 1112.18
Full text of Ohio Ohio Revised Code § 1112.18, with citation guidance and answers to common questions.
§ 1112.18.
(A) A family trust company shall keep separate and complete records for each fiduciary
account or relationship, including a record of any securities constituting assets
of each particular estate, trust, or account. (B) A family trust company may place securities it holds in any fiduciary capacity with
a qualified custodian of securities. A qualified custodian of securities that has custody of securities held by a family
trust company in a fiduciary capacity may place those securities with another qualified
custodian of securities. (C) A family trust company may register and hold securities it holds in any fiduciary
capacity in its own name, in the name of a nominee, or, if appropriate to the securities,
in bearer form. A custodian of securities that has custody of securities held by a family trust
company in a fiduciary capacity may hold or place those securities in the name of
the family trust company, the custodian's own name, the name of either of their nominees,
or, if appropriate to the securities, in bearer form. (D) A family trust company, and a custodian of securities that has custody of securities
held by a family trust company in any fiduciary capacity, may hold securities it holds
in any fiduciary capacity, including those held in bearer form, in bulk, whether or
not the securities are certificated, without certification of ownership attached to
the securities. (E)(1) A family trust company that serves as a cofiduciary may, with the consent of the
other cofiduciaries, do any of the following: (a) Place securities it holds in any fiduciary capacity with a custodian of securities,
as provided in division (B) of this section; (b) Register and hold securities it holds in any fiduciary capacity in its own name,
in the name of a nominee, or in bearer form, as provided in division (C) of this section; (c) Hold securities it holds in any fiduciary capacity in bulk, as provided in division
(D) of this section. (2) Any person that serves as a cofiduciary with a family trust company for any property
in this state consisting of securities may consent to the family trust company taking
any of the actions authorized by division (E)(1) of this section.
Frequently Asked Questions About Ohio § 1112.18
What does Ohio Revised Code § 1112.18 cover?
Section 1112.18 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 § 1112.18?
A common citation format is "Ohio Revised Code § 1112.18" (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 § 1112.18 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.