# Ohio Rev. Code § 5815.08: Deposit to personal credit of fiduciary

> Ohio · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.08

## Section

- **Citation:** Ohio Rev. Code § 5815.08
- **Heading:** Deposit to personal credit of fiduciary
- **Jurisdiction:** Ohio
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Revised Code / Title 58 / Chapter 5815 / § 5815.08

## Text

January 1, 2007 House Bill 416 - 126th General Assembly If a fiduciary makes a deposit in a bank to the fiduciary's personal credit of checks drawn by the fiduciary upon an account in the fiduciary's own name as fiduciary, checks payable to the fiduciary as fiduciary, checks drawn by the fiduciary upon an account in the name of the principal if the fiduciary is empowered to draw checks thereon, checks payable to the principal and indorsed by the fiduciary if the fiduciary is empowered to indorse the checks, or if the fiduciary otherwise makes a deposit of funds held by the fiduciary as fiduciary, the bank receiving the deposit is not bound to inquire whether the fiduciary is committing a breach of the obligation as fiduciary. The bank may pay the amount of the deposit or any part thereof upon the personal check of the fiduciary without being liable to the principal, unless the bank receives the deposit or pays the check with actual knowledge that the fiduciary is committing a breach of the obligation as fiduciary in making the deposit or in drawing the check, or with knowledge of such facts that the action of the bank in receiving the deposit or paying the check amounts to bad faith.

## 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_S5815.08. Check the current official text before relying on it. Not legal advice.