Ohio § 5815.06
Full text of Ohio Ohio Revised Code § 5815.06, with citation guidance and answers to common questions.
§ 5815.06.
If a deposit is made in a bank to the credit of a fiduciary as such, the bank may
pay the amount of the deposit or any part thereof upon the check of the fiduciary,
signed with the name in which the deposit is entered, without being liable to the
principal, unless the bank pays the check with actual knowledge that the fiduciary
is committing a breach of the obligation as fiduciary in drawing the check or with
knowledge of such facts that its action in paying the check amounts to bad faith. If such a check is payable to the drawee bank and is delivered to it in payment of
or as security for a personal debt of the fiduciary to it, the bank is liable to the
principal if the fiduciary in fact commits a breach of the obligation as fiduciary
in drawing or delivering the check.
Frequently Asked Questions About Ohio § 5815.06
What does Ohio Revised Code § 5815.06 cover?
Section 5815.06 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 § 5815.06?
A common citation format is "Ohio Revised Code § 5815.06" (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 § 5815.06 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.