Ohio § 1746.08
Full text of Ohio Ohio Revised Code § 1746.08, with citation guidance and answers to common questions.
§ 1746.08.
(A) Any individual or entity may be a trustee of a business trust; any trustee may own
shares, including all of the shares, of the business trust. (B) Unless otherwise set forth in the trust instrument, and notwithstanding section 1746.13 of the Revised Code , a trustee of a business trust that has made the filings described in section 1746.04 of the Revised Code shall be liable to the business trust, its shareholders, and its other trustees only
to the same extent as a director of a corporation organized under Chapter 1701. of
the Revised Code is liable to the corporation, its shareholders, and its other directors. A trustee of a business trust that has made the filings described in section 1746.04 of the Revised Code is not liable for the act or misconduct of a cotrustee in which he has not joined,
to which he has not consented, and which he has not aided or made possible by his
own neglect. (C) The right, if any, of a trustee to enter into a contract or other transaction with
the business trust of which he is trustee shall be as set forth in the trust instrument.
Frequently Asked Questions About Ohio § 1746.08
What does Ohio Revised Code § 1746.08 cover?
Section 1746.08 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 § 1746.08?
A common citation format is "Ohio Revised Code § 1746.08" (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 § 1746.08 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.