Section 5816.11. Trust advisors; eligibility; default fiduciary status  


Latest version.
  • (A) Any person may serve as an advisor of a legacy trust except that a transferor may act as an advisor only in connection with investment decisions.

    (B) An advisor shall be considered a fiduciary unless the terms of a legacy trust instrument expressly provide otherwise.

Added by 129th General AssemblyFile No.201, HB 479, §1, eff. 3/27/2013.