# Ohio Rev. Code § 5815.09: Deposit in name of two or more trustees - checks

> Ohio · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_T58_C5815_S5815.09

## Section

- **Citation:** Ohio Rev. Code § 5815.09
- **Heading:** Deposit in name of two or more trustees - checks
- **Jurisdiction:** Ohio
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Revised Code / Title 58 / Chapter 5815 / § 5815.09

## Text

January 1, 2007 House Bill 416 - 126th General Assembly When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account by any trustee authorized to do so by the other, neither the payee or other holder nor the bank is bound to inquire whether it is a breach of trust to authorize the trustee to draw checks upon the trust account and neither is liable unless the circumstances are such that the action of the payee or other holder or the bank 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_S5815.09. Check the current official text before relying on it. Not legal advice.