Ohio Code 2113.73 – Security for distributees and indemnification for sureties
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If a foreign administrator or executor has wasted, misapplied, or converted assets of an estate, or has insufficient property to discharge the foreign administrator’s or executor’s liability on account of the trust, or the foreign administrator’s or executor’s sureties are irresponsible, the distributees, heirs, or legatees, in any court of common pleas or probate court may compel the foreign administrator or executor to secure the amounts respectively due to them and any of the foreign administrator’s or executor’s sureties may require indemnity on account of their liability as bail.
Terms Used In Ohio Code 2113.73
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- Executor: A male person named in a will to carry out the decedent
- Probate: Proving a will
- Property: means real and personal property. See Ohio Code 1.59