Section 1309.705 | Effectiveness of Action Taken Before Effective Date – Ucc 9-705.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) If action, other than the filing of a financing statement, is taken before July 1, 2001, and if the action would have resulted in priority of a security interest over the rights of a person who becomes a lien creditor had […]
Section 1309.706 | When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement – Ucc 9-706.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) The filing of an initial financing statement in the office specified in section 1309.501 of the Revised Code continues the effectiveness of a financing statement filed before July 1, 2001, if: (1) The filing of an initial financing statement in that […]
Section 1309.707 | Pre-Effective-Date Financing Statement – Ucc 9-707.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) As used in this section, “pre-effective-date financing statement” means a financing statement filed before July 1, 2001. (B) On or after July 1, 2001, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise […]
Section 1309.708 | Persons Entitled to File Initial Financing Statement or Continuation Statement – Ucc 9-708.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly A person may file an initial financing statement or a continuation statement under this section if: (A) The secured party of record authorizes the filing; and (B) The filing is necessary under this section: (1) To continue the effectiveness of a financing […]
Section 1309.709 | Priority – Ucc 9-709.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) This chapter determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, the law in effect at the time the priorities of the claims were established determines priority. (B) […]
Section 1309.627 | Determination of Whether Conduct Was Commercially Reasonable – Ucc 9-627.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the […]
Section 1309.628 | Nonliability and Limitation on Liability of Secured Party – Liability of Secondary Obligor – Ucc 9-628.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person: (1) The secured party is not liable to the person, or to a secured […]
Section 1309.702 | Savings Clause – Ucc 9-702.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) Except as otherwise provided in this chapter, this chapter applies to a transaction or lien within the scope of this chapter even if the transaction or lien was entered into or created before July 1, 2001. (B) Except as otherwise provided […]
Section 1309.703 | Security Interest Perfected Before Effective Date – Ucc 9-703.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) A security interest that is enforceable immediately before July 1, 2001, and that would have priority over the rights of a person who becomes a lien creditor at that time is a perfected security interest under this chapter if, on July […]
Section 1309.704 | Security Interest Unperfected Before Effective Date – Ucc 9-704.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly A security interest that is enforceable immediately before July 1, 2001, but that would be subordinate to the rights of a person that becomes a lien creditor at that time: (A) Remains an enforceable security interest until July 1, 2002; (B) Remains […]