# Ohio Rev. Code § 5815.06: Deposit in name of fiduciary as such - liability of bank

> Ohio · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.06

## Section

- **Citation:** Ohio Rev. Code § 5815.06
- **Heading:** Deposit in name of fiduciary as such - liability of bank
- **Jurisdiction:** Ohio
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Revised Code / Title 58 / Chapter 5815 / § 5815.06

## Text

January 1, 2007 House Bill 416 - 126th General Assembly If a deposit is made in a bank to the credit of a fiduciary as such, the bank may pay the amount of the deposit or any part thereof upon the check of the fiduciary, signed with the name in which the deposit is entered, without being liable to the principal, unless the bank pays the check with actual knowledge that the fiduciary is committing a breach of the obligation as fiduciary in drawing the check or with knowledge of such facts that its action in paying the check amounts to bad faith. If such a check is payable to the drawee bank and is delivered to it in payment of or as security for a personal debt of the fiduciary to it, the bank is liable to the principal if the fiduciary in fact commits a breach of the obligation as fiduciary in drawing or delivering the check.

## 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_S5815.06. Check the current official text before relying on it. Not legal advice.