Ohio § 2109.40 Participation in corporate reorganization

Ohio Statutes

§ 2109.40 — Participation in corporate reorganization

Ohio § 2109.40

Title 21Courts-Probate-Juvenile

Ch. 2109Fiduciaries

This text of Ohio § 2109.40 (Participation in corporate reorganization) 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. § 2109.40 (2026).

Text

Unless the instrument creating a trust  forbids, a fiduciary may do all of the things that an individual  holder might do with respect to securities held by the fiduciary,  including the exercise or sale of subscription rights, the  acceptance of new stock in the same corporation in place of the  stock held, or in the event of reorganization, sale, or merger in  a different corporation, and with the approval of the probate  court, the investment of additional funds if required of all  shareholders participating in a reorganization.

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Unless the instrument creating a trust forbids, a fiduciary may do all of the things that an individual holder might do with respect to securities held by the fiduciary, including the exercise or sale of subscription rights, the acceptance of new stock in the same corporation in place of the stock held, or in the event of reorganization, sale, or merger in a different corporation, and with the approval of the probate court, the investment of additional funds if required of all shareholders participating in a reorganization.