Ohio § 1746.12 Shares of beneficial interest

Ohio Statutes

§ 1746.12 — Shares of beneficial interest

Ohio § 1746.12

Title 17Corporations-Partnerships

Ch. 1746Business Trusts

This text of Ohio § 1746.12 (Shares of beneficial interest) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1746.12 (2026).

Text

(A)Unless otherwise provided in the trust instrument, shares of beneficial interest need not be evidenced by certificates.

(B)For purposes of Title XIII of the Revised Code, shares of beneficial interest, however designated, in a business trust shall be treated as personal property, notwithstanding the nature of the property of which the business trust shall consist, and shall be subject to attachment and execution. Unless otherwise provided in the trust instrument, such shares may be pledged by the holders thereof.

(C)A share of a beneficial interest in the trust estate of a business trust is a security subject to Chapter 1707. of the Revised Code.

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(A) Unless otherwise provided in the trust instrument, shares of beneficial interest need not be evidenced by certificates.

(B) For purposes of Title XIII of the Revised Code, shares of beneficial interest, however designated, in a business trust shall be treated as personal property, notwithstanding the nature of the property of which the business trust shall consist, and shall be subject to attachment and execution. Unless otherwise provided in the trust instrument, such shares may be pledged by the holders thereof.

(C) A share of a beneficial interest in the trust estate of a business trust is a security subject to Chapter 1707. of the Revised Code.