| Liability in Case of Insolvency.

Checkout our iOS App for a better way to browser and research.

Effective: January 13, 2012

Latest Legislation: Senate Bill 124 - 129th General Assembly

When any of the persons liable to contribute toward the discharge of a testator's debt according to sections 2107.54 and 2107.55 of the Revised Code, is insolvent, the others shall be severally liable to each other for the loss occasioned by the insolvency, each being liable in proportion to the value of the property received by the person from the estate of the deceased. If any one of the persons liable dies without paying the person's proportion of the debt, the executors and administrators of the person's estate shall be liable for that proportion to the extent to which the person would have been liable if living.


Download our app to see the most-to-date content.