Ohio § 5812.14

§ 5812.14.

(A) As used in this section, “ undistributed income ” means net income received before the date on which an income interest ends. “ Undistributed income ” excludes an item of income or expense that is due or accrued or net income that

has been added or is required to be added to principal under the terms of the trust. (B) When a mandatory income interest ends, the trustee shall pay to a mandatory income

beneficiary that survives that date, or the estate of a deceased mandatory income

beneficiary whose death causes the interest to end, the beneficiary's share of the

undistributed income that is not disposed of under the terms of the trust, unless

the beneficiary has an unqualified power to revoke more than five per cent of the

trust immediately before the income interest ends.  If the beneficiary has such power, the undistributed income from the portion of

the trust that may be revoked shall be added to principal. (C) When a trustee's obligation to pay a fixed annuity or a fixed fraction of the value

of the trust's assets ends, the trustee shall prorate the final payment if and to

the extent required by applicable law to accomplish a purpose of the trust or its

settlor relating to income, gift, estate, or other tax requirements.