Ohio § 5812.44
Full text of Ohio Ohio Revised Code § 5812.44, with citation guidance and answers to common questions.
§ 5812.44.
(A) As used in this section, “ depreciation ” means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence
of a fixed asset having a useful life of more than one year. (B) A trustee may transfer to principal a reasonable amount of the net cash receipts
from a principal asset that is subject to depreciation, but shall not transfer any
amount for depreciation under any of the following circumstances: (1) Any amount for depreciation of that portion of real property used or available for
use by a beneficiary as a residence or of tangible personal property held or made
available for the personal use or enjoyment of a beneficiary; (2) Any amount for depreciation during the administration of a decedent's estate; (3) Any amount for depreciation under this section if the trustee is accounting under section 5812.20 of the Revised Code for the business or activity in which the asset is used. (C) An amount transferred to principal need not be held as a separate fund.
Frequently Asked Questions About Ohio § 5812.44
What does Ohio Revised Code § 5812.44 cover?
Section 5812.44 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 § 5812.44?
A common citation format is "Ohio Revised Code § 5812.44" (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 § 5812.44 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.