Ohio SB368 regulates the enforcement of endowment agreements for charitable trusts at state institutions of higher education.

Ohio SB368 amends the Revised Code to establish procedures for addressing violations of endowment agreements by state institutions of higher education. It allows benefactors or their representatives to file complaints with the attorney general regarding breaches of these agreements. The attorney general can intervene in judicial proceedings affecting charitable trusts and enforce the terms of endowment agreements. Complaints must be filed in the county where the state institution has its principal office and name the attorney general as a party.

Ohio SB368 regulates the enforcement of endowment agreements for charitable trusts at state institutions of higher education.

Ohio SB368 amends the Revised Code to establish procedures for addressing violations of endowment agreements by state institutions of higher education. It allows benefactors or their representatives to file complaints with the attorney general regarding breaches of these agreements. The attorney general can intervene in judicial proceedings affecting charitable trusts and enforce the terms of endowment agreements. Complaints must be filed in the county where the state institution has its principal office and name the attorney general as a party.