Ohio § 5813.06 Relationship of chapter to uniform management of institutional funds act

Ohio Statutes

§ 5813.06 — Relationship of chapter to uniform management of institutional funds act

Ohio § 5813.06

Title 58Trusts

Ch. 5813Institutional Trust Funds Act

This text of Ohio § 5813.06 (Relationship of chapter to uniform management of institutional funds act) 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. § 5813.06 (2026).

Text

(A)Nothing in sections5813.01to5813.05of the Revised Code affects the construction or interpretation of sections1715.51to1715.59of the Revised Code relating to the uniform prudent management of institutional funds act. Specifically, neither the percentage set forth in division (B) of section5813.02of the Revised Code nor the amount actually requested by a governing board pursuant to that section shall be construed or interpreted to limit or expand what is a prudent amount that can be expended by a governing board of an institution under sections1715.51to1715.59of the Revised Code.

(B)If an institutional trust fund is also an institutional fund as defined in division (C) of section1715.51of the Revised Code with the result that sections1715.51to1715.59of the Revised Code also

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

(A) Nothing in sections5813.01to5813.05of the Revised Code affects the construction or interpretation of sections1715.51to1715.59of the Revised Code relating to the uniform prudent management of institutional funds act. Specifically, neither the percentage set forth in division (B) of section5813.02of the Revised Code nor the amount actually requested by a governing board pursuant to that section shall be construed or interpreted to limit or expand what is a prudent amount that can be expended by a governing board of an institution under sections1715.51to1715.59of the Revised Code.

(B) If an institutional trust fund is also an institutional fund as defined in division (C) of section1715.51of the Revised Code with the result that sections1715.51to1715.59of the Revised Code also are applicable to the institutional trust fund, then sections1715.51to1715.59of the Revised Code apply to the institutional trust fund, and sections5813.01to5813.07of the Revised Code do not apply to the institutional trust fund.