Ohio Rev. Code » Chapter 5815
Ohio Revised Code

Ohio Rev. Code § 5815.04 (2026)

Uniform fiduciary act definitions

✓ current as of May 2026
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Effective:
January 1, 2007
Latest Legislation:
House Bill 416 - 126th General Assembly
PDF:
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As used in sections 5815.04 to 5815.11 of the Revised Code:

(A) "Bank" includes any person, carrying on the business of banking and any financial institution defined in section 5725.01 of the Revised Code.

(B) "Fiduciary" includes a trustee under any trust, expressed, implied, resulting, or constructive, an executor, administrator, guardian, conservator, curator, receiver, trustee in bankruptcy, assignee for the benefit of creditors, partner, agent, officer of a corporation, public or private, public officer, or any other person acting in a fiduciary capacity for any person, trust, or estate.

(C) "Person" includes a corporation, partnership, association, or two or more persons having a joint or common interest.

(D) "Principal" includes any person to whom a fiduciary as such owes an obligation.

(E) "Good faith" includes an act when it is in fact done honestly.
Notes of Decisions
Cited in 5 cases (3 in the last 5 years), 2013–2025 · leading case: Est. of William R. Barney, J v. PNC Bank, Nat'l Ass'n, 714 F.3d 920 (6th Cir. 2013).
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Est. of William R. Barney, J v. PNC Bank, Nat'l Ass'n, 714 F.3d 920 (6th Cir. 2013). “03(E) (reco-dified and amended as Ohio Rev.Code § 5815.04)). The Ohio Supreme Court quoted approvingly the United States Court of Appeals for the Seventh Circuit’s statement that, to find that the bank acted in bad faith, a court must ask “whether it was commercially…”
Ingram v. Glavin, 2023 Ohio 1290 (Ohio Ct. App. 2023). “Therefore, the Board’s duties to adhere to its anti-harassment policy and to act as an impartial arbiter when investigating complaints brought before it do not give rise to a fiduciary duty between the Board and an employee-complainant. A fiduciary relationship is one where…”
Lelak v. Lelak, 2022 Ohio 3458 (Ohio Ct. App. 2022). · cites it 3× “Its decision was based on R.C. 5815.04, unspecified case law, and the divorce decree’s language.”
Voutsiotis v. PNC Bank Nat'l Ass'n (N.D. Ohio 2025). “Bad Faith The Ohio Uniform Fiduciary Act does not define “bad faith” but does state that “‘[g]ood faith’ includes an act when it is in fact done honestly.”
Est. of William R. Barney, J v. PNC Bank, Nat'l Ass'n (6th Cir. 2013). “03(E) (recodified and amended as Ohio Rev. Code § 5815.04)). The Ohio Supreme Court quoted approvingly the United States Court of Appeals for the Seventh Circuit’s statement that, to find that the bank acted in bad faith, a court must ask “whether it was commercially…”
— Ohio Rev. Code § 5815.04(B) — 1 case
Lelak v. Lelak, 2022 Ohio 3458 (Ohio Ct. App. 2022). “Its decision was based on R.C. 5815.04, unspecified case law, and the divorce decree’s language.”
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