Ohio Statutes
§ 5815.05 — Transferee not responsible for proper application of money
Ohio § 5815.05
This text of Ohio § 5815.05 (Transferee not responsible for proper application of money) 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. § 5815.05 (2026).
Text
A person who in good faith pays or transfers to a fiduciary any money or other property that the fiduciary as such is authorized to receive is not responsible for the proper application of the money or other property by the fiduciary. Any right or title acquired from the fiduciary in consideration of the payment or transfer is not invalid because of a misapplication by the fiduciary.
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Related
Voutsiotis v. PNC Bank National Association
(N.D. Ohio, 2025)
Legislative History
Effective: January 1, 2007 | Latest Legislation: House Bill 416 - 126th General Assembly
Nearby Sections
15
§ 5815.01
Inheritance and bequest defined§ 5815.04
Uniform fiduciary act definitions§ 5815.10
Interpretation and construction§ 5815.11
Rules of law and equity applicable§ 5815.12
Power of appointment defined§ 5815.13
Exercising power of appointment§ 5815.14
Release and disclaimer of a power§ 5815.15
Notice of releaseCite This Page — Counsel Stack
Bluebook (online)
Ohio § 5815.05, Counsel Stack Legal Research, https://law.counselstack.com/statute/oh/5815.05.