Effective: June 29, 2011 Latest Legislation: House Bill 9 – 129th General Assembly Except as otherwise provided in sections 1309.303 to 1309.306 of the Revised Code, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral: (A) Except as otherwise provided in […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products.
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) This section applies to goods covered by a certificate of title, even if there is no other relationship between the jurisdiction under whose certificate of title the goods are covered and the goods or the debtor. (B) Goods become covered by […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) The local law of a bank’s jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a deposit account maintained with that bank. (B) The following rules determine a bank’s jurisdiction for purposes of […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) Except as otherwise provided in division (C) of this section, the following rules apply: (1) While a security certificate is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) Subject to division (C) of this section, the local law of the issuer’s jurisdiction or a nominated person’s jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a letter-of-credit right if the issuer’s […]
Effective: July 1, 2013 Latest Legislation: Senate Bill 208 – 129th General Assembly (A) As used in this section, “place of business” means a place where a debtor conducts the debtor’s affairs. (B) Except as otherwise provided in this section, the following rules determine a debtor’s location: (1) A debtor who is an individual is […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) Except as otherwise provided in this section and section 1309.309 of the Revised Code, a security interest is perfected if it has attached and all of the applicable requirements for perfection in sections 1309.310 to 1309.316 of the Revised Code have […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly The following security interests are perfected when they attach: (A) A purchase money security interest in consumer goods, except as otherwise provided in division (B) of section 1309.311 of the Revised Code with respect to consumer goods that are subject to a […]
Effective: June 29, 2011 Latest Legislation: House Bill 9 – 129th General Assembly (A) Except as otherwise provided in division (B) of this section and division (B) of section 1309.312 of the Revised Code, a financing statement must be filed to perfect all security interests and agricultural liens. (B) The filing of a financing statement […]
Effective: July 1, 2013 Latest Legislation: Senate Bill 208 – 129th General Assembly (A) Except as otherwise provided in division (D) of this section, the filing of a financing statement is not necessary or effective to perfect a security interest in property subject to: (1) A statute, regulation, or treaty of the United States whose […]
Effective: June 29, 2011 Latest Legislation: House Bill 9 – 129th General Assembly (A) A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing. (B) Except as otherwise provided in divisions (C) and (D) of section 1309.315 of the Revised Code for proceeds: (1) A security interest in […]
Effective: June 29, 2011 Latest Legislation: House Bill 9 – 129th General Assembly (A) Except as otherwise provided in division (B) of this section, a secured party may perfect a security interest in tangible negotiable documents, goods, instruments, money, or tangible chattel paper by taking possession of the collateral. A secured party may perfect a […]
Effective: June 29, 2011 Latest Legislation: House Bill 9 – 129th General Assembly (A) A security interest in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper, or electronic documents may be perfected by control of the collateral under section 1307.106, 1309.104, 1309.105, 1309.106, or 1309.107 of the Revised Code. (B) A security interest in […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) Except as otherwise provided in this chapter and in division (B) of section 1302.44 of the Revised Code: (1) A security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless the secured party […]
Effective: July 1, 2013 Latest Legislation: Senate Bill 208 – 129th General Assembly (A) A security interest perfected pursuant to the law of the jurisdiction designated in division (A) of section 1309.301 or division (C) of section 1309.305 of the Revised Code remains perfected until the earliest of: (1) The time perfection would have ceased […]
Effective: July 1, 2013 Latest Legislation: Senate Bill 208 – 129th General Assembly (A) A security interest or agricultural lien is subordinate to the rights of: (1) A person entitled to priority under section 1309.322 of the Revised Code; and (2) Except as otherwise provided in division (E) of this section, a person who becomes […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold. (B) For purposes of determining the rights of creditors of, and purchasers for value of […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) Except as otherwise provided in division (B) of this section, for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is […]
Effective: July 1, 2001 Latest Legislation: Senate Bill 74 – 124th General Assembly (A) Except as otherwise provided in division (E) of this section, a buyer in the ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the […]
