Ohio § 5807.03
Full text of Ohio Ohio Revised Code § 5807.03, with citation guidance and answers to common questions.
§ 5807.03.
(A) If there are three or more cotrustees serving, the cotrustees may act by majority
decision. (B) If a vacancy occurs in a cotrusteeship, the remaining cotrustees may act for the
trust. (C) A cotrustee must participate in the performance of a trustee's function unless the
cotrustee is unavailable to perform the function because of absence, illness, disqualification
under other law, or other temporary incapacity or the cotrustee has properly delegated
the performance of the function to another trustee. (D) If a cotrustee is unavailable to perform duties because of absence, illness, disqualification
under other law, or other temporary incapacity and prompt action is necessary to achieve
the purposes of the trust or to avoid injury to the trust property, the remaining
cotrustee or a majority of the remaining cotrustees may act for the trust. (E) A trustee may delegate to a cotrustee duties and powers that a prudent trustee of
comparable skills could properly delegate under the circumstances. A delegation made under this division shall be governed by section 5808.07 of the Revised Code . Unless a delegation was irrevocable, a trustee may revoke a delegation previously
made. (F) Except as otherwise provided in division (G) of this section, and subject to divisions
(C) and (E) of this section, a trustee who does not join in an action of another trustee
is not liable for the action. (G) Except as otherwise provided in this division, each trustee shall exercise reasonable
care to prevent a cotrustee from committing a serious breach of trust and to compel
a cotrustee to redress a serious breach of trust. A trustee is not required to exercise reasonable care of that nature under this
division, and a trustee is not liable for resulting losses, when section 5815.25 of the Revised Code is applicable or there is more than one other trustee and the other trustees act
by majority vote. (H) A dissenting trustee who joins in an action at the direction of the majority of the
trustees and who notified any cotrustee of the dissent at or before the time of the
action is not liable for the action.
Frequently Asked Questions About Ohio § 5807.03
What does Ohio Revised Code § 5807.03 cover?
Section 5807.03 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 § 5807.03?
A common citation format is "Ohio Revised Code § 5807.03" (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 § 5807.03 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.