Ohio § 5816.04 Limits to transferor's authority

Ohio Statutes

§ 5816.04 — Limits to transferor's authority

Ohio § 5816.04

Title 58Trusts

Ch. 5816Ohio Legacy Trust Act

This text of Ohio § 5816.04 (Limits to transferor's authority) 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. § 5816.04 (2026).

Text

To the extent conferred by the governing  legacy trust instrument, a transferor to a legacy trust may have  any or all of the rights, powers, and interests described in  section5816.05of the Revised Code. A transferor shall have no  rights, powers, or interests in, over, to, or regarding the corpus  or income of a legacy trust unless those rights, powers, or  interests are granted, permitted, or recognized by both section5816.05of the Revised Code and the governing legacy trust  instrument. Any written, verbal, tacit, express, or implied  agreement or understanding or any other agreement or understanding  purporting to grant, permit, or recognize any greater rights,  powers, or interests than are provided in this section or the  governing legacy trust instrument is void. Any portion of a l

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To the extent conferred by the governing legacy trust instrument, a transferor to a legacy trust may have any or all of the rights, powers, and interests described in section5816.05of the Revised Code. A transferor shall have no rights, powers, or interests in, over, to, or regarding the corpus or income of a legacy trust unless those rights, powers, or interests are granted, permitted, or recognized by both section5816.05of the Revised Code and the governing legacy trust instrument. Any written, verbal, tacit, express, or implied agreement or understanding or any other agreement or understanding purporting to grant, permit, or recognize any greater rights, powers, or interests than are provided in this section or the governing legacy trust instrument is void. Any portion of a legacy trust instrument that is not voided under this section shall remain valid and effective.