Ohio § 5815.34

§ 5815.34.

(A)(1) Unless the judgment or decree granting the divorce, dissolution of marriage, or annulment

specifically provides otherwise, and subject to division (A)(2) of this section, if

the title to any personal property is held by two persons who are married to each

other, if the title is so held for the joint lives of the spouses and then to the

survivor of them, and if the marriage of the spouses subsequently is terminated by

a judgment or decree granting a divorce, dissolution of marriage, or annulment, then

the survivorship rights of the spouses terminate, and each spouse shall be deemed

the owner of an undivided interest in common in the title to the personal property,

that is in proportion to the spouse's net contributions to the personal property. (2) If the spouses described in division (A)(1) of this section remarry each other and

the title to the personal property continues to be held by them in accordance with

that division, then the survivorship rights of the spouses are not terminated, and

the spouses again hold title in the personal property for their joint lives and then

to the survivor of them. (B)(1) Unless the judgment or decree granting the divorce, dissolution of marriage, or annulment

specifically provides otherwise, and subject to division (B)(2) of this section, if

the title to any personal property is held by more than two persons and at least two

of the persons are married to each other, if the title is so held for the joint lives

of the titleholders and then to the survivor or survivors of them, and if the marriage

of any of the titleholders who are married to each other subsequently is terminated

by a judgment or decree granting a divorce, dissolution of marriage, or annulment,

then the survivorship rights of the titleholders who were married to each other terminate,

the survivorship rights of the other titleholders are not affected, and each of the

titleholders who were married to each other shall be deemed to be the owner of an

undivided interest in common in the personal property, that is in proportion to the

net contributions of the titleholders who were married to each other to the personal

property. (2) If the titleholders who were married to each other as described in division (B)(1)

of this section remarry each other, and if the title to the personal property continues

to be held by them, and the other titleholders whose survivorship rights continued

unaffected, in accordance with that division, then the survivorship rights of the

remarried titleholders are not terminated, and the remarried and other titleholders

again hold title in the personal property for their joint lives and then to the survivor

or survivors of them. (C) An agent, bank, broker, custodian, issuer, life insurance company, plan administrator,

savings and loan association, transfer agent, trustee, or other person is not liable

in damages or otherwise in a civil or criminal action or proceeding for distributing

or disposing of personal property in reliance on and in accordance with a registration

in the form of a joint ownership for life, with rights of survivorship, as described

in division (A)(1) or (B)(1) of this section, if both of the following apply: (1) The distribution or disposition otherwise is proper; (2) The agent, bank, broker, custodian, issuer, life insurance company, plan administrator,

savings and loan association, transfer agent, trustee, or other person did not have

any notice of the facts that resulted in the termination of the rights of survivorship

by operation of division (A)(1) or (B)(1) of this section.