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Ohio · Through 2007-01-01 (House Bill 416 - 126th General Assembly)

Ohio Rev. Code § 5809.06: Delegation of investment and management functions.

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Where this section sits in the code
  1. Title 58 Trusts
  2. Chapter 5809 Ohio Uniform Prudent Investor Act

(A) A trustee may delegate investment and management functions of a trust that a prudent trustee having comparable skills could properly delegate under the circumstances. A trustee that exercises its delegation authority under this division shall comply with the requirements of division (A) of section 5808.07 of the Revised Code.

(B) In performing investment or management functions of a trust that are delegated to an agent, an agent owes a duty to the trust to exercise reasonable care to comply with the terms of the delegation.

(C) A trustee who delegates a function to an agent in compliance with division (A) of this section is not liable to the beneficiaries of the trust or to the trust for the decisions or actions of the agent to whom the function was delegated.

(D) By accepting the delegation of investment or management functions of a trust that is subject to the laws of this state, an agent submits to the jurisdiction of this state.

Collected 2026-09-14T19:24:42Z. Source file · JSON

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