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Entry Directing Deposit Of Personal Property In Lieu Of Bond {35.10}
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Description
PROBATE COURT OF STARK COUNTY, OHIO DIXIE PARK, JUDGE TRUST UNDER WILL OF: CASE NO. ENTRY DIRECTING DEPOSIT OF PERSONAL PROPERTY IN LIEU OF BOND AND ORDER TO INVEST FUNDS This matter came on to be heard this day on the application of , the duly appointed, qualified and acting trustee of the Trust created under the Last Will and Testament of , for an order directing him to deposit with , that part of the estate or fund described in Exhibit A to the application, to fix the amount of his bond, and to grant authority to invest. The Court finds that facts stated in the application are true. The Court finds that is an institution authorized as: a bank a building and loan association a savings and loan association a trust company under the laws of: the State of Ohio the United States of America and thereby qualified to serve as depository under the provisions of Ohio Revised Code Section 2109.13. WHEREFORE, upon consideration of said application and the evidence, the Court , as trustee, deposit with hereby ORDERS that that part of the estate or fund described in Exhibit A to the application; that the assets be not withdrawn except upon special order of this Court; that such Trustee shall not receive or collect the whole or any part of the principal represented by the assets without special order of this Court; that at the time of making the deposit shall execute and deliver to such Trustee a receipt acknowledging that it holds the assets subject to this order and further orders of this Court; that the Trustee shall file such receipt with this Court; that the Trustee is hereby granted authority to instruct the depository to invest and reinvest the personal property deposited hereunder in accordance with the investment powers and limitations set forth in Section 2109.37 and 2109.371 of the Ohio Revised Code, or within the investment directions of the trust, without obtaining additional orders of the Court authorizing specific future purchases and sales, and the depository is hereby granted authority to carry out such investment instructions in reliance upon the specific representation of the Trustee that such investment complies, at the time such investment is made, with the percentage limitations of Sections 2109.37 and 2109.371, or the investment directions of the trust; and that the $ amount of the Trustee's bond is hereby fixed at DIXIE PARK, PROBATE JUDGE SCPC FORM 35.10 - ENTRY DIRECTING DEPOSIT American LegalNet, Inc. www.FormsWorkFlow.com