# Ohio Rev. Code § 5815.05: Transferee not responsible for proper application of money

> Ohio · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.05

## Section

- **Citation:** Ohio Rev. Code § 5815.05
- **Heading:** Transferee not responsible for proper application of money
- **Jurisdiction:** Ohio
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Revised Code / Title 58 / Chapter 5815 / § 5815.05

## Text

January 1, 2007 House Bill 416 - 126th General Assembly 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.

## Nearby sections

- [Ohio Rev. Code § 5815.01 § 5815.01. Inheritance and bequest defined](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.01.md)
- [Ohio Rev. Code § 5815.02 § 5815.02. Issuers of securities and holders of record](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.02.md)
- [Ohio Rev. Code § 5815.03 § 5815.03. Issuer of securities may treat holders of record as competent](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.03.md)
- [Ohio Rev. Code § 5815.04 § 5815.04. Uniform fiduciary act definitions](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.04.md)
- [Ohio Rev. Code § 5815.05 § 5815.05. Transferee not responsible for proper application of money](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.05.md)
- [Ohio Rev. Code § 5815.06 § 5815.06. Deposit in name of fiduciary as such - liability of bank](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.06.md)
- [Ohio Rev. Code § 5815.07 § 5815.07. Check drawn by fiduciary upon account of his principal - liability of bank](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.07.md)
- [Ohio Rev. Code § 5815.08 § 5815.08. Deposit to personal credit of fiduciary](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.08.md)
- [Ohio Rev. Code § 5815.09 § 5815.09. Deposit in name of two or more trustees - checks](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.09.md)
- [Ohio Rev. Code § 5815.10 § 5815.10. Interpretation and construction](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.10.md)
- [Ohio Rev. Code § 5815.11 § 5815.11. Rules of law and equity applicable](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.11.md)
- [Ohio Rev. Code § 5815.12 § 5815.12. Power of appointment defined](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.12.md)
- [Ohio Rev. Code § 5815.13 § 5815.13. Exercising power of appointment](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.13.md)
- [Ohio Rev. Code § 5815.14 § 5815.14. Release and disclaimer of a power](https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.05. Check the current official text before relying on it. Not legal advice.