Ohio § 1746.13
Full text of Ohio Ohio Revised Code § 1746.13, with citation guidance and answers to common questions.
§ 1746.13.
(A) Liability to third persons for any act, omission, or obligation of a business trust
that has made the filings described in section 1746.04 of the Revised Code or a trustee or trustees of a business trust when acting in such capacity, shall
extend to the whole of the trust estate held by such trustee or trustees, or so much
thereof as may be necessary to discharge such liability, but no such liability shall
attach to the trustees, officers, employees, agents, or the holders of the shares
of beneficial interest in such business trust for any such act, omission, or obligation. (B) A business trust that has made the filings described in section 1746.04 of the Revised Code may purchase and maintain insurance on behalf of any person who is or was a trustee,
officer, employee, shareholder, or agent of the business trust, or is or was serving
at the request of the business trust as a director, trustee, officer, employee, or
agent of another business trust, corporation, domestic or foreign, nonprofit or for
profit, partnership, joint venture, trust, or other enterprise against any liability
asserted against him and incurred by him in any such capacity, or arising out of his
status as such, whether or not the trust instrument of the business trust contains
provisions for indemnification of such person against such liability by the business
trust. (C) The trust estate of a business trust that has made the filings described in section 1746.04 of the Revised Code is not liable for any act, omission, or obligation of either of the following: (1) Any holder of its shares of beneficial interest; (2) Any trustee when not acting in such capacity.
Frequently Asked Questions About Ohio § 1746.13
What does Ohio Revised Code § 1746.13 cover?
Section 1746.13 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 § 1746.13?
A common citation format is "Ohio Revised Code § 1746.13" (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 § 1746.13 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.