Ohio § 5808.16

§ 5808.16.

Without limiting the authority conferred by section 5808.15 of the Revised Code , a trustee may do all of the following: (A) Collect trust property and accept or reject additions to the trust property from

a settlor or any other person; (B) Acquire or sell property, for cash or on credit, at public or private sale; (C) Exchange, partition, or otherwise change the character of trust property; (D) Deposit trust money in an account in a regulated financial-service institution; (E) Borrow money, with or without security, and mortgage or pledge trust property for

a period within or extending beyond the duration of the trust; (F) With respect to an interest in a proprietorship, partnership, limited liability company,

business trust, corporation, or other form of business or enterprise, continue the

business or other enterprise and take any action that may be taken by shareholders,

members, or property owners, including merging, dissolving, or otherwise changing

the form of business organization or contributing additional capital; (G) With respect to stocks or other securities, exercise the rights of an absolute owner,

including the right to do any of the following: (1) Vote, or give proxies to vote, with or without power of substitution, or enter into

or continue a voting trust agreement; (2) Hold a security in the name of a nominee or in other form without disclosure of the

trust so that title may pass by delivery; (3) Pay calls, assessments, and other sums chargeable or accruing against the securities

and sell or exercise stock subscription or conversion rights; (4) Deposit the securities with a depositary or other regulated financial-service institution. (H) With respect to an interest in real property, construct, or make ordinary or extraordinary

repairs to, alterations to, or improvements in, buildings or other structures, demolish

improvements, raze existing or erect new party walls or buildings, subdivide or develop

land, dedicate land to public use or grant public or private easements, and make or

vacate plats and adjust boundaries; (I) Enter into a lease for any purpose as lessor or lessee, including a lease or other

arrangement for exploration and removal of natural resources, with or without the

option to purchase or renew, for a period within or extending beyond the duration

of the trust; (J) Grant an option involving a sale, lease, or other disposition of trust property or

acquire an option for the acquisition of property, including an option exercisable

beyond the duration of the trust, and exercise an option so acquired; (K) Insure the property of the trust against damage or loss and insure the trustee, the

trustee's agents, and beneficiaries against liability arising from the administration

of the trust; (L) Abandon or decline to administer property of no value or of insufficient value to

justify its collection or continued administration; (M) With respect to possible liability for violation of environmental law, do any of

the following: (1) Inspect or investigate property the trustee holds or has been asked to hold, or property

owned or operated by an organization in which the trustee holds or has been asked

to hold an interest, for the purpose of determining the application of environmental

law with respect to the property; (2) Take action to prevent, abate, or otherwise remedy any actual or potential violation

of any environmental law affecting property held directly or indirectly by the trustee,

whether taken before or after the assertion of a claim or the initiation of governmental

enforcement; (3) Decline to accept property into trust or disclaim any power with respect to property

that is or may be burdened with liability for violation of environmental law; (4) Compromise claims against the trust that may be asserted for an alleged violation

of environmental law; (5) Pay the expense of any inspection, review, abatement, or remedial action to comply

with environmental law. (N) Pay or contest any claim, settle a claim by or against the trust, and release, in

whole or in part, a claim belonging to the trust; (O) Pay taxes, assessments, compensation of the trustee and of employees and agents of

the trust, and other expenses incurred in the administration of the trust; (P) Exercise elections with respect to federal, state, and local taxes; (Q) Select a mode of payment under any employee benefit or retirement plan, annuity,

or life insurance policy payable to the trustee, exercise rights under any employee

benefit or retirement plan, annuity, or life insurance policy payable to the trustee,

including the right to indemnification for expenses and against liabilities, and take

appropriate action to collect the proceeds; (R) Make loans out of trust property, including loans to a beneficiary on terms and conditions

the trustee considers to be fair and reasonable under the circumstances, and the trustee

has a lien on future distributions for repayment of those loans; (S) Guarantee loans made by others to the settlor of a revocable trust and, if the settlor

so directs, guarantee loans made by others to a third party and mortgage, pledge,

or grant a security interest in the property of a revocable trust to secure the payment

of loans made by others to the settlor of the revocable trust and, if the settlor

so directs, loans made by others to a third party; (T) Appoint a trustee to act in another jurisdiction with respect to trust property located

in the other jurisdiction, confer upon the appointed trustee all of the powers and

duties of the appointing trustee, require that the appointed trustee furnish security,

and remove any trustee so appointed; (U) Pay an amount distributable to a beneficiary who is under a legal disability or who

the trustee reasonably believes is incapacitated, by paying it directly to the beneficiary

or applying it for the beneficiary's benefit, or by doing any of the following: (1) Paying it to the beneficiary's guardian of the estate, or, if the beneficiary does

not have a guardian of the estate, the beneficiary's guardian of the person; (2) Paying it to the beneficiary's custodian under sections 5814.01 to 5814.10 of the Revised Code and, for that purpose, creating a custodianship; (3) If the trustee does not know of a guardian of the person or estate, or custodian,

paying it to an adult relative or other person having legal or physical care or custody

of the beneficiary, to be expended on the beneficiary's behalf; (4) Managing it as a separate fund on the beneficiary's behalf, subject to the beneficiary's

continuing right to withdraw the distribution. (V) On distribution of trust property or the division or termination of a trust, make

distributions in divided or undivided interests, allocate particular assets in proportionate

or disproportionate shares, value the trust property for those purposes, and adjust

for resulting differences in valuation; (W) Resolve a dispute concerning the interpretation of the trust or its administration

by mediation, arbitration, or other procedure for alternative dispute resolution; (X) Prosecute or defend an action, claim, or judicial proceeding in any jurisdiction

to protect trust property and the trustee in the performance of the trustee's duties; (Y) Sign and deliver contracts and other instruments that are useful to achieve or facilitate

the exercise of the trustee's powers; (Z) On termination of the trust, exercise the powers appropriate to wind up the administration

of the trust and distribute the trust property to the persons entitled to it; (AA) Employ agents, attorneys, accountants, investment advisors, and other professionals.