Ohio § 1746.10

§ 1746.10.

(A) A business trust may take, hold, and dispose of any estate or interest in real or

personal property in its business name, or in the name of one or more of its trustees,

or in the name of one or more of its nominees.  A conveyance to a business trust in its business name shall recite that the grantee

is a business trust, and the estate or interest so acquired can be conveyed by the

business trust only in its business name.  Any estate or interest in real or personal property taken, held, or disposed of

by a business trust in its business name prior to the effective date of this section

is hereby confirmed as if the conveyance thereof had been made pursuant to the authority

of this section. (B) The fact that a recorded deed, mortgage, or other conveyance of an estate or interest

in real or personal property designates a business trust or one or more trustees or

nominees of a business trust as the grantee does not give notice to or put upon inquiry

any person dealing with the property that there are any limitations on the power of

such business trust, trustees, or nominees to dispose of or encumber the estate or

interest specified in such conveyance, unless such conveyance specifically contains

such limitations or incorporates by reference another instrument of record in the

same county which specifically contains such limitations.  As to all bona fide purchasers and encumbrancers of the property, a conveyance,

release, or encumbrance by such business trust, trustees, or nominees transfers or

releases the estate or interest in the property specified free from the claims of

the holders of shares of beneficial interest in the trust estate and free from any

obligation on the part of such purchaser or encumbrancer to see to the application

of any purchase money or other consideration.