Ohio § 1111.22
Full text of Ohio Ohio Revised Code § 1111.22, with citation guidance and answers to common questions.
§ 1111.22.
(A) A trust company shall keep separate and complete records for each fiduciary account
or relationship, including a record of any securities constituting assets of each
particular estate, trust, or account. (B) A trust company may place securities it holds in any fiduciary capacity with a qualified
custodian of securities. A qualified custodian of securities that has custody of securities held by a trust
company in a fiduciary capacity may place those securities with another qualified
custodian of securities. (C) A trust company may register and hold securities it holds in any fiduciary capacity
in its own name, in the name of a nominee, or, if appropriate to the securities, in
bearer form. A custodian of securities that has custody of securities held by a trust company
in a fiduciary capacity may hold or place those securities in the name of the trust
company, the custodian's own name, the name of either of their nominees, or, if appropriate
to the securities, in bearer form. (D) A trust company, and a custodian of securities that has custody of securities held
by a trust company in any fiduciary capacity, may hold securities it holds in any
fiduciary capacity, including those held in bearer form, in bulk, whether or not the
securities are certificated, without certification of ownership attached to the securities. (E) A trust company is liable to an estate, trust, or other fiduciary account for any
loss resulting from any acts or omissions of the trust company, a nominee, or a custodian
of securities relating to securities the trust company holds in any fiduciary capacity. (F)(1) A trust company that serves as a cofiduciary may, with the consent of the other cofiduciaries,
do any of the following: (a) Place securities it holds in any fiduciary capacity with a custodian of securities,
as provided in division (B) of this section; (b) Register and hold securities it holds in any fiduciary capacity in its own name,
in the name of a nominee, or in bearer form, as provided in division (C) of this section; (c) Hold securities it holds in any fiduciary capacity in bulk, as provided in division
(D) of this section. (2) Any person that serves as a cofiduciary with a trust company for any property in
this state consisting of securities may consent to the trust company taking any of
the actions authorized by division (F)(1) of this section.
Frequently Asked Questions About Ohio § 1111.22
What does Ohio Revised Code § 1111.22 cover?
Section 1111.22 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 § 1111.22?
A common citation format is "Ohio Revised Code § 1111.22" (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 § 1111.22 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.