2109.38 Retaining unauthorized investments. - Ohio Statutes

2109.38 Retaining unauthorized investments.

Sections 2109.37, 2109.371, and 2109.372 of the Revised Code do not prohibit a fiduciary from retaining any part of a trust estate as received by him even though such part is not of the class or percentage permitted to fiduciaries, or from retaining any investment made by him after such investment ceases to be of a class or exceeds the percentage permitted by law, provided the circumstances are not such as to require the fiduciary to dispose of such investment in the performance of his duties.

Effective Date: 10-20-1987