Ohio § 5905.14 Investment of surplus funds of estate

Ohio Statutes

§ 5905.14 — Investment of surplus funds of estate

Ohio § 5905.14

Title 59Veterans-Military Affairs

Ch. 5905Veterans' Guardianship Law

This text of Ohio § 5905.14 (Investment of surplus funds of estate) 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. § 5905.14 (2026).

Text

Every guardian shall invest the surplus funds of his ward's estate in such securities or property as is authorized under section2109.37of the Revised Code, but only upon prior order of the probate court; except that the funds may be invested, without prior court authorization, in direct unconditional interest-bearing obligations of this state or of the United States and in obligations the interest and principal of which are unconditionally guaranteed by the United States. A signed duplicate or certified copy of the petition for authority to invest shall be furnished the proper office of the veterans' administration, and notice of hearing thereon shall be given said office as provided in the case of hearing on a guardian's account.

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Every guardian shall invest the surplus funds of his ward's estate in such securities or property as is authorized under section2109.37of the Revised Code, but only upon prior order of the probate court; except that the funds may be invested, without prior court authorization, in direct unconditional interest-bearing obligations of this state or of the United States and in obligations the interest and principal of which are unconditionally guaranteed by the United States. A signed duplicate or certified copy of the petition for authority to invest shall be furnished the proper office of the veterans' administration, and notice of hearing thereon shall be given said office as provided in the case of hearing on a guardian's account.