Ohio § 1309.338 Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information - UCC 9-338

Ohio Statutes

§ 1309.338 — Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information - UCC 9-338

Ohio § 1309.338

Title 13Commercial Transactions

Ch. 1309Secured Transactions

This text of Ohio § 1309.338 (Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information - UCC 9-338) 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. § 1309.338 (2026).

Text

If a security interest or agricultural lien is perfected by a filed financing statement providing information described in division (B)(5) of section1309.516of the Revised Code that is incorrect at the time the financing statement is filed:

(A)The security interest or agricultural lien is subordinate to a conflicting perfected security interest in the collateral to the extent that the holder of the conflicting security interest gives value in reasonable reliance upon the incorrect information; and

(B)A purchaser, other than a secured party, of the collateral takes free of the security interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives value and, in the case of tangible chattel paper, tangible document

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If a security interest or agricultural lien is perfected by a filed financing statement providing information described in division (B)(5) of section1309.516of the Revised Code that is incorrect at the time the financing statement is filed:

(A) The security interest or agricultural lien is subordinate to a conflicting perfected security interest in the collateral to the extent that the holder of the conflicting security interest gives value in reasonable reliance upon the incorrect information; and

(B) A purchaser, other than a secured party, of the collateral takes free of the security interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives value and, in the case of tangible chattel paper, tangible documents, goods, instruments, or a security certificate, receives delivery of the collateral.