Ohio Revised Code (Last Updated: January 27, 2016) |
Title 58. LVIII TRUSTS |
Chapter 5804. CREATION, MODIFICATION, REVOCATION, AND TERMINATION |
Section 5804.04. Trust purposes must be legitimate
Latest version.
-
A trust may be created only to the extent that its purposes are lawful, not contrary to public policy, and possible to achieve. A trust exists, and its assets shall be held, for the benefit of its beneficiaries in accordance with the interests of the beneficiaries in the trust.
Effective Date: 01-01-2007