Ohio § 3345.161 Board of trustees investment decisions and bequests

Ohio Statutes

§ 3345.161 — Board of trustees investment decisions and bequests

Ohio § 3345.161

Title 33Education-Libraries

Ch. 3345State Universities - General Powers

This text of Ohio § 3345.161 (Board of trustees investment decisions and bequests) 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. § 3345.161 (2026).

Text

(A)The board of trustees of a state institution of higher education, as defined in section3345.011of the Revised Code and in accordance with its fiduciary duties described under sections3345.05,3354.10,3357.10, and3358.06of the Revised Code, shall make investment decisions with the sole purpose of maximizing the return on its investments.

(B)Except as provided in division (C) of this section, no board of trustees shall do either of the following:

(1)Make an investment decision with the primary purpose of influencing any social or environmental policy or attempting to influence the governance of any corporation;

(2)Adopt a policy, or take any action to promote a policy, under which the board of trustees makes investment decisions with the primary purpose of influencing any social or

Free access — add to your briefcase to read the full text and ask questions with AI

(A) The board of trustees of a state institution of higher education, as defined in section3345.011of the Revised Code and in accordance with its fiduciary duties described under sections3345.05,3354.10,3357.10, and3358.06of the Revised Code, shall make investment decisions with the sole purpose of maximizing the return on its investments.

(B) Except as provided in division (C) of this section, no board of trustees shall do either of the following:

(1) Make an investment decision with the primary purpose of influencing any social or environmental policy or attempting to influence the governance of any corporation;

(2) Adopt a policy, or take any action to promote a policy, under which the board of trustees makes investment decisions with the primary purpose of influencing any social or environmental policy or attempting to influence the governance of any corporation.

(C) A board of trustees is not required to accept a bequest made by a decedent to an endowment in its endowment portfolio on and after the effective date of this section because the bequest specifically requests the donation be used with the primary purpose of influencing any social or environmental policy, including by attempting to influence the governance of any corporation. If the board of trustees accepts such a bequest, the board of trustees shall comply with any conditions of the bequest regarding that purpose.

Last updated February 11, 2025 at 12:51 PM