Ohio § 5814.05
Full text of Ohio Ohio Revised Code § 5814.05, with citation guidance and answers to common questions.
§ 5814.05.
(A) A custodian is entitled to reimbursement from the custodial property for reasonable
expenses incurred in the performance of the custodian's duties. (B) A custodian may act without compensation for the custodian's services. (C) Unless the custodian is a donor or transferor, the custodian may receive from custodial
property reasonable compensation for the custodian's services determined by one of
the following standards in the order stated: (1) A direction by the donor or transferor when the gift or transfer is made; (2) A statute of this state applicable to custodians; (3) The statute of this state applicable to guardians; (4) An order of the court. (D) Except as otherwise provided in sections 5814.01 to 5814.10 of the Revised Code , a custodian shall not be required to give a bond for the performance of the custodian's
duties. (E) A custodian not compensated for the custodian's services is not liable for losses
to the custodial property unless they result from the custodian's bad faith, intentional
wrongdoing, or gross negligence or from the custodian's failure to maintain the standard
of prudence in investing the custodial property provided in sections 5814.01 to 5814.10 of the Revised Code .
Frequently Asked Questions About Ohio § 5814.05
What does Ohio Revised Code § 5814.05 cover?
Section 5814.05 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 § 5814.05?
A common citation format is "Ohio Revised Code § 5814.05" (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 § 5814.05 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.