What obligation does a fiduciary have under Ohio law?

Under Ohio law, a fiduciary has the obligation to act in the best interests of another party, exercising a high standard of care, loyalty, and good faith. This principle is fundamental to the fiduciary relationship, which is based on trust and confidence. A fiduciary is expected to prioritize the interests of the person or entity they represent over their own personal interests.

The duty of care requires the fiduciary to make informed decisions and act prudently on behalf of the beneficiary or principal. The duty of loyalty demands that the fiduciary avoid conflicts of interest and refrain from using their position for personal gain. Good faith is essential, ensuring that the fiduciary acts honestly and with integrity towards the interests they are entrusted with.

In the context of this question, the other choices do not accurately reflect the ethical and legal responsibilities of a fiduciary. The obligation to act in one's own best interests contradicts the foundational principle of fiduciary duty. Similarly, representing the interests of the state does not encompass the specific responsibilities of fiduciaries towards private individuals or entities. Lastly, while maximizing profits can be important in certain contexts, it does not capture the full scope of the fiduciary's obligation to act in loyalty and care for another party. Thus, the correct choice