Ohio § 5812.26
Full text of Ohio Ohio Revised Code § 5812.26, with citation guidance and answers to common questions.
§ 5812.26.
(A) An amount received as interest, whether determined at a fixed, variable, or floating
rate, on an obligation to pay money to the trustee, including an amount received as
consideration for prepaying principal, shall be allocated to income without any provision
for amortization of premium. (B) A trustee shall allocate to principal an amount received from the sale, redemption,
or other disposition of an obligation to pay money to the trustee more than one year
after the date it is purchased or acquired by the trustee, including an obligation
whose purchase price or value when it is acquired is less than its value at maturity. If the obligation matures within one year after the date it is purchased or acquired
by the trustee, an amount received in excess of its purchase price or its value when
acquired by the trust shall be allocated to income. (C) This section does not apply to an obligation to which section 5812.32 , 5812.33 , 5812.34 , 5812.35 , 5812.37 , or 5812.38 of the Revised Code applies.
Frequently Asked Questions About Ohio § 5812.26
What does Ohio Revised Code § 5812.26 cover?
Section 5812.26 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 § 5812.26?
A common citation format is "Ohio Revised Code § 5812.26" (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 § 5812.26 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.