Ohio § 5807.01
Full text of Ohio Ohio Revised Code § 5807.01, with citation guidance and answers to common questions.
§ 5807.01.
(A) Except as otherwise provided in division (C) of this section, a person designated
as trustee accepts the trusteeship by substantially complying with a method of acceptance
provided in the terms of the trust or, if the terms of the trust do not provide a
method or the method provided in the terms is not expressly made exclusive, by accepting
delivery of the trust property, exercising powers or performing duties as trustee,
or otherwise indicating acceptance of the trusteeship. (B) A person designated as trustee who has not yet accepted the trusteeship may reject
the trusteeship. A designated trustee who does not accept the trusteeship within a reasonable time
after knowing of the designation is deemed to have rejected the trusteeship. (C) A person designated as trustee, without accepting the trusteeship, may do either
or both of the following: (1) Act to preserve the trust property if, within a reasonable time after acting, the
person sends a rejection of the trusteeship to the settlor or, if the settlor is dead
or lacks capacity, to a qualified beneficiary; (2) Inspect or investigate trust property to determine potential liability under environmental
or other law or for any other purpose.
Frequently Asked Questions About Ohio § 5807.01
What does Ohio Revised Code § 5807.01 cover?
Section 5807.01 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 § 5807.01?
A common citation format is "Ohio Revised Code § 5807.01" (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 § 5807.01 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.