Ohio § 5812.27
Full text of Ohio Ohio Revised Code § 5812.27, with citation guidance and answers to common questions.
§ 5812.27.
(A) Except as otherwise provided in division (B) of this section, a trustee shall allocate
to principal the proceeds of a life insurance policy or other contract in which the
trust or its trustee is named as beneficiary, including a contract that insures the
trust or its trustee against loss for damage to, destruction of, or loss of title
to a trust asset. The trustee shall allocate dividends on an insurance policy to income if the premiums
on the policy are paid from income, and to principal if the premiums are paid from
principal. (B) A trustee shall allocate to income proceeds of a contract that insures the trustee
against loss of occupancy or other use by an income beneficiary, loss of income, or,
subject to section 5812.20 of the Revised Code , loss of profits from a business. (C) This section does not apply to a contract to which section 5812.32 of the Revised Code applies.
Frequently Asked Questions About Ohio § 5812.27
What does Ohio Revised Code § 5812.27 cover?
Section 5812.27 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 § 5812.27?
A common citation format is "Ohio Revised Code § 5812.27" (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 § 5812.27 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.