Amendment No. am_136_0245-1

S. B. No. 101

As Introduced

__________________________ moved to amend as follows:

In line 215, strike through "presented for recordation" and insert "of record when any interest in real property is conveyed"; delete "when title to real property is held"; after "by" insert "or to "

The motion was __________ agreed to.

SYNOPSIS

Memorandum of trust

R.C. 5301.255

Specifies that a trustee is not required to re-record a memorandum of trust (i.e., a signed and notarized instrument that contains basic details about the trust) or some other instrument that contains the same information at the time real property held by the trust is conveyed, if the memorandum or instrument is already of record. Clarifies that recording the memorandum or instrument is required only when real property held by the trust is conveyed by or to the trustee of a disclosed trust.