Ohio § 1112.04
Full text of Ohio Ohio Revised Code § 1112.04, with citation guidance and answers to common questions.
§ 1112.04.
(A) A family trust company may do any of the following for the benefit of family clients
only: (1) Act as a fiduciary, including as a personal representative, within and outside this
state; (2) Act within and outside this state as advisory agent, agent, assignee, assignee for
the benefit of creditors, attorney in fact, authenticating agent, bailee, bond or
indenture trustee, conservator, conversion agent, curator, custodian, escrow agent,
exchange agent, fiscal or paying agent, financial adviser, investment adviser, investment
manager, managing agent, purchase agent, receiver, registrar, safekeeping agent, subscription
agent, transfer agent except for public business entities, warrant agent, or in any
similar capacity generally performed by corporate trustees and, in so acting, possess,
purchase, sell, invest, reinvest, safe keep, or otherwise manage or administer the
real or personal property of other persons; (3) Exercise the powers of a corporation or limited liability company organized under
the laws of this state and any incidental powers to enable it to fully exercise any
power authorized under this chapter. (B) A family trust company shall not do any of the following: (1) Except as otherwise provided in division (A)(10) of section 1112.05 of the Revised Code , receive money or its equivalent from any individual or entity for deposit, make
loans of any nature to any individual or entity, or otherwise conduct a general banking
business; (2) Engage in trust business with, or advertise its services to, the public; (3) Use “trust” or any direct derivative of that word as any part of its name, unless
it is a licensed family trust company.
Frequently Asked Questions About Ohio § 1112.04
What does Ohio Revised Code § 1112.04 cover?
Section 1112.04 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 § 1112.04?
A common citation format is "Ohio Revised Code § 1112.04" (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 § 1112.04 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.