Ohio § 5812.45
Full text of Ohio Ohio Revised Code § 5812.45, with citation guidance and answers to common questions.
§ 5812.45.
(A) If a trustee makes or expects to make a principal disbursement described in this
section, the trustee may transfer an appropriate amount from income to principal in
one or more accounting periods to reimburse principal or to provide a reserve for
future principal disbursements. (B) Principal disbursements to which division (A) of this section applies include all
of the following, but only to the extent that the trustee has not been and does not
expect to be reimbursed by a third party: (1) An amount chargeable to income but paid from principal because it is unusually large,
including extraordinary repairs; (2) A capital improvement to a principal asset, whether in the form of changes to an
existing asset or the construction of a new asset, including special assessments; (3) Disbursements made to prepare property for rental, including tenant allowances, leasehold
improvements, and broker's commissions; (4) Periodic payments on an obligation secured by a principal asset to the extent that
the amount transferred from income to principal for depreciation is less than the
periodic payments; (5) Disbursements described in division (A)(7) of section 5812.43 of the Revised Code . (C) If the asset whose ownership gives rise to the disbursements becomes subject to a
successive income interest after an income interest ends, a trustee may continue to
transfer amounts from income to principal as provided in division (A) of this section.
Frequently Asked Questions About Ohio § 5812.45
What does Ohio Revised Code § 5812.45 cover?
Section 5812.45 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 § 5812.45?
A common citation format is "Ohio Revised Code § 5812.45" (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 § 5812.45 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.