Ohio § 2109.42 Liability for failure to invest

Ohio Statutes

§ 2109.42 — Liability for failure to invest

Ohio § 2109.42

Title 21Courts-Probate-Juvenile

Ch. 2109Fiduciaries

This text of Ohio § 2109.42 (Liability for failure to invest) 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. § 2109.42 (2026).

Text

Subject to section2109.372of the Revised  Code, a fiduciary who has funds belonging to a trust that are not  required for payment of current obligations of the fiduciary's  trust or distribution shall, unless otherwise ordered by the  probate court, invest those funds within a reasonable time  according to section2109.37or2109.371of the Revised Code. On  failure to do so, the fiduciary shall account to the trust for any  loss of interest that is found by the court to be due to the  fiduciary's negligence.

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Subject to section2109.372of the Revised Code, a fiduciary who has funds belonging to a trust that are not required for payment of current obligations of the fiduciary's trust or distribution shall, unless otherwise ordered by the probate court, invest those funds within a reasonable time according to section2109.37or2109.371of the Revised Code. On failure to do so, the fiduciary shall account to the trust for any loss of interest that is found by the court to be due to the fiduciary's negligence.