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Ohio Rev. Code Ann. § 5808.03

Multiple beneficiaries - duty of impartiality

Effective: January 1, 2007; Latest Legislation: House Bill 416 - 126th General Assembly

If a trust has two or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries' respective interests.

Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.