Ohio § 1308.31 Purchaser's right to requisites for registration of transfer - UCC 8-307

Ohio Statutes

§ 1308.31 — Purchaser's right to requisites for registration of transfer - UCC 8-307

Ohio § 1308.31

Title 13Commercial Transactions

Ch. 1308Investment Securities

This text of Ohio § 1308.31 (Purchaser's right to requisites for registration of transfer - UCC 8-307) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1308.31 (2026).

Text

Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the security, but if the transfer is not for value, a transferor need not comply unless the purchaser pays the necessary expenses.  If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.

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Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the security, but if the transfer is not for value, a transferor need not comply unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.