Ohio § 2109.48
Full text of Ohio Ohio Revised Code § 2109.48, with citation guidance and answers to common questions.
§ 2109.48.
If on the final hearing of a fiduciary's complaint to borrow money and mortgage real
property belonging to the trust it appears to be for the best interests of the trust
that the prayer of the complaint be granted, the probate court shall fix the amount
necessary to be borrowed, direct what real property shall be encumbered by mortgage
to secure that amount, and issue an order to the fiduciary directing the fiduciary
to ascertain and report to the court the rate of interest and the length of time for
which the fiduciary can borrow that amount. If the report of the fiduciary and the terms proposed are satisfactory to the court,
they may be accepted and confirmed and the fiduciary ordered, as fiduciary, to execute
a note for the amount to be borrowed and a mortgage on the real property so designated,
which shall be a valid lien on the property. The fiduciary in no way shall be personally liable for the payment of any part of
the sum borrowed, but the mortgaged real property alone shall be bound for its payment. The court shall direct the distribution of the fund and the fiduciary shall report
to the court, for its approval, the execution of the notes and mortgage and the fiduciary's
distribution of the fund.
Frequently Asked Questions About Ohio § 2109.48
What does Ohio Revised Code § 2109.48 cover?
Section 2109.48 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 § 2109.48?
A common citation format is "Ohio Revised Code § 2109.48" (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 § 2109.48 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.