Ohio § 1309.331 Priority of rights of purchasers of instruments, documents, and securities under other chapters - priority of interests in financial assets and security entitlements under Chapter 1308 - UCC 9-331

Ohio Statutes

§ 1309.331 — Priority of rights of purchasers of instruments, documents, and securities under other chapters - priority of interests in financial assets and security entitlements under Chapter 1308 - UCC 9-331

Ohio § 1309.331

Title 13Commercial Transactions

Ch. 1309Secured Transactions

This text of Ohio § 1309.331 (Priority of rights of purchasers of instruments, documents, and securities under other chapters - priority of interests in financial assets and security entitlements under Chapter 1308 - UCC 9-331) 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. § 1309.331 (2026).

Text

(A)This chapter does not limit the rights of a holder in due course of a negotiable instrument, as defined in section1303.32of the Revised Code, or a holder to whom a negotiable document of title has been duly negotiated under section1307.501of the Revised Code, or a protected purchaser of a security under section1308.17of the Revised Code. These holders or purchasers take priority over an earlier security interest, even though perfected, to the extent provided in Chapters 1303., 1307., and 1308. of the Revised Code.

(B)This chapter does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under Chapter 1308. of the Revised Code.

(C)Filing under this chapter does not constitute notice of a claim

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(A) This chapter does not limit the rights of a holder in due course of a negotiable instrument, as defined in section1303.32of the Revised Code, or a holder to whom a negotiable document of title has been duly negotiated under section1307.501of the Revised Code, or a protected purchaser of a security under section1308.17of the Revised Code. These holders or purchasers take priority over an earlier security interest, even though perfected, to the extent provided in Chapters 1303., 1307., and 1308. of the Revised Code.

(B) This chapter does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under Chapter 1308. of the Revised Code.

(C) Filing under this chapter does not constitute notice of a claim or defense to the holders, purchasers, or persons described in divisions (A) and (B) of this section.