Ohio § 5814.06 Responsibility of issuer, transfer agent, financial institution, broker, or life insurance company

Ohio Statutes

§ 5814.06 — Responsibility of issuer, transfer agent, financial institution, broker, or life insurance company

Ohio § 5814.06

Title 58Trusts

Ch. 5814Ohio Transfers To Minors Act

This text of Ohio § 5814.06 (Responsibility of issuer, transfer agent, financial institution, broker, or life insurance company) 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. § 5814.06 (2026).

Text

An issuer, transfer agent, financial institution, broker, life insurance company, or other person acting on the instructions of or otherwise dealing with any person purporting to act as a donor or transferor or dealing with any person or trust company purporting to act as a custodian is not required to do any of the following:

(A)Determine either of the following:

(1)Whether the person or trust company designated by the purported donor or transferor, or the person or trust company purporting to act as a custodian, has been duly designated;

(2)Whether any purchase, sale, or transfer to or by, or any other act of, any person or trust company purporting to act as a custodian is in accordance with or authorized by sections5814.01to5814.10of the Revised Code.

(B)Inquire into the validit

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An issuer, transfer agent, financial institution, broker, life insurance company, or other person acting on the instructions of or otherwise dealing with any person purporting to act as a donor or transferor or dealing with any person or trust company purporting to act as a custodian is not required to do any of the following:

(A) Determine either of the following:

(1) Whether the person or trust company designated by the purported donor or transferor, or the person or trust company purporting to act as a custodian, has been duly designated;

(2) Whether any purchase, sale, or transfer to or by, or any other act of, any person or trust company purporting to act as a custodian is in accordance with or authorized by sections5814.01to5814.10of the Revised Code.

(B) Inquire into the validity or propriety under sections5814.01to5814.10of the Revised Code of any instrument or instructions executed or given by a person purporting to act as a donor or transferor or by a person or trust company purporting to act as a custodian;

(C) See to the application by any person or trust company purporting to act as a custodian of any money or other property paid or delivered to the person or trust company.