Ohio § 5812.13
Full text of Ohio Ohio Revised Code § 5812.13, with citation guidance and answers to common questions.
§ 5812.13.
(A) A trustee shall allocate to principal an income receipt or disbursement other than
one to which division (A) of section 5812.07 of the Revised Code applies, if its due date occurs before a decedent dies in the case of an estate or
before an income interest begins in the case of a trust or successive income interest. (B) A trustee shall allocate an income receipt or disbursement to income if its due date
occurs on or after the date on which a decedent dies or an income interest begins
and if it is a periodic due date. An income receipt or disbursement shall be treated as accruing from day to day if
its due date is not periodic or it has no due date. The portion of the receipt or disbursement accruing before the date on which a decedent
dies or an income interest begins shall be allocated to principal, and the balance
shall be allocated to income. (C) For the purposes of this section, an item of income or an obligation is due on the
date the payer is required to make a payment. If a payment date is not stated, there is no due date. Distributions to shareholders or other owners from an entity to which section 5812.18 of the Revised Code applies are deemed to be due on the date fixed by the entity for determining who
is entitled to receive the distribution or, if no date is fixed, on the declaration
date for the distribution. A due date is periodic for receipts or disbursements that must be paid at regular
intervals under a lease or an obligation to pay interest or if an entity customarily
makes distributions at regular intervals.
Frequently Asked Questions About Ohio § 5812.13
What does Ohio Revised Code § 5812.13 cover?
Section 5812.13 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 § 5812.13?
A common citation format is "Ohio Revised Code § 5812.13" (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 § 5812.13 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.