Current with legislation from 2024 received as of August 15, 2024.
Section 5816.11 - Trust advisors; eligibility; default fiduciary status(A) Any person may serve as an advisor of a legacy trust except that a transferor may act as an advisor only in connection with investment decisions.(B) An advisor shall be considered a fiduciary unless the terms of a legacy trust instrument expressly provide otherwise.Added by 129th General Assembly, HB 479, §1, eff. 3/27/2013.