Ohio § 1337.31
Full text of Ohio Ohio Revised Code § 1337.31, with citation guidance and answers to common questions.
§ 1337.31.
(A) A principal may designate two or more persons to act as coagents. Unless the power of attorney otherwise provides, each coagent may exercise its authority
independently. (B) A principal may designate one or more successor agents to act if an agent resigns,
dies, becomes incapacitated, is not qualified to serve, or declines to serve. A principal may grant authority to designate one or more successor agents to an
agent or other person designated by name, office, or function. Unless the power of attorney otherwise provides, a successor agent has the same
authority as that granted to the original agent and may not act until all predecessor
agents have resigned, died, become incapacitated, are no longer qualified to serve,
or have declined to serve. (C) Except as otherwise provided in the power of attorney and division (D) of this section,
an agent that does not participate in or conceal a breach of fiduciary duty committed
by another agent, including a predecessor agent, is not liable for the actions of
the other agent. (D) An agent that has actual knowledge of a breach or imminent breach of fiduciary duty
by another agent shall notify the principal and, if the principal is incapacitated,
take any action reasonably appropriate in the circumstances to safeguard the principal's
best interest. An agent that fails to notify the principal or take action as required by this division
is liable for the reasonably foreseeable damages that could have been avoided if the
agent had notified the principal or taken action as required by this division.
Frequently Asked Questions About Ohio § 1337.31
What does Ohio Revised Code § 1337.31 cover?
Section 1337.31 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 § 1337.31?
A common citation format is "Ohio Revised Code § 1337.31" (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 § 1337.31 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.