Ohio Rev. Code » Chapter 5814
Ohio Revised Code

Ohio Rev. Code § 5814.03 (2026)

Effect of gift or transfer

✓ current as of May 2026
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Effective:
April 6, 2017
Latest Legislation:
House Bill 432 - 131st General Assembly
PDF:
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(A) A gift or transfer made in a manner prescribed in sections 5814.01 to 5814.10 of the Revised Code, is irrevocable and conveys to the minor indefeasibly vested legal title to the security, money, life or endowment insurance policy, annuity contract, benefit plan, real estate, tangible or intangible personal property, or other property given or, subject to the right of the owner of the policy, contract, or benefit plan to change the beneficiary if the custodian is not the owner, to the proceeds of a life or endowment insurance policy, an annuity contract, or a benefit plan given, but no guardian of the minor has any right, power, duty, or authority with respect to the custodial property except as provided in sections 5814.01 to 5814.10 of the Revised Code.

(B) By making a gift or transfer in a manner prescribed in sections 5814.01 to 5814.10 of the Revised Code, the donor or transferor incorporates in the gift or transfer all the provisions of these sections and grants to the custodian, and to any issuer, transfer agent, financial institution, broker, or third person dealing with a person or trust company designated as custodian, the respective powers, rights, and immunities provided in these sections.
Notes of Decisions
Cited in 4 cases (2 in the last 5 years), 2014–2022 · leading case: Heitmeyer v. Arthur, 2022 Ohio 4230 (Ohio Ct. App. 2022).
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Heitmeyer v. Arthur, 2022 Ohio 4230 (Ohio Ct. App. 2022). ““Under R.C. 5814.03, ‘a gift or transfer to a minor child made pursuant to the [UTMA] is irrevocable and conveys to the minor indefeasibly vested legal title to the property.”
Wojanowski v. Wojanowski, 2014 Ohio 697 (Ohio Ct. App. 2014). “” On appeal, Husband claims the trial court erred in awarding the accounts to their child, arguing that both are marital assets and should be divided between the parties.”
Moore v. Moore, 2022 Ohio 1862 (Ohio Ct. App. 2022). “Citing R.C. 5814.03(A), the trial court observed that transfer into an OTMA account is " 'irrevocable and conveys to the minor indefeasibly vested legal title.”
Durisala v. Durisala, 2014 Ohio 5229 (Ohio Ct. App. 2014). “7 OHIO FIRST DISTRICT COURT OF APPEALS {¶20} Rani argues that the trial court lacked jurisdiction to enter the orders relating to the accounts because they were her daughter’s separate property. We agree. {¶21} A custodial account that is held for the benefit of a child is…”
— Ohio Rev. Code § 5814.03(A) — 1 case
Moore v. Moore, 2022 Ohio 1862 (Ohio Ct. App. 2022). “Citing R.C. 5814.03(A), the trial court observed that transfer into an OTMA account is " 'irrevocable and conveys to the minor indefeasibly vested legal title.”
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