Skip to main content

Ohio Revised Code Title XI. Banks Savings and Loan Associations § 1111.28

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

(A) Any judge of a court by order of which a trust company is acting in a fiduciary capacity may, upon the judge's own motion or upon the written application of any party interested in the trust estate, appoint suitable persons to investigate the affairs and management of the trust company concerning the trust.  The persons who conduct the investigation shall make a sworn report to the court of the investigation.  The expense of the investigation shall be taxed as costs, either against the party requesting it or against the assets of the trust, as the court decrees.  The court may examine any officers of the trust company, under oath or affirmation, as to the trust, or as to the affairs and management of the trust company, while the court is considering its appointment.  The examination and answers of an authorized officer of a trust company under oath shall be received as the examination and answers of the trust company.  The court may compel any of the officers of the trust company to attend these examinations and to answer questions relating to the proceedings.

(B) For any cause applicable to natural persons serving in the same capacity, the court may order that the trust company promptly settle the trust.

Cite this article: - Ohio Revised Code Title XI. Banks Savings and Loan Associations § 1111.28 - last updated January 01, 2020 |

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Copied to clipboard