Ohio § 1309.507 Effect of certain events on effectiveness of financing statement - UCC 9-507

Ohio Statutes

§ 1309.507 — Effect of certain events on effectiveness of financing statement - UCC 9-507

Ohio § 1309.507

Title 13Commercial Transactions

Ch. 1309Secured Transactions

This text of Ohio § 1309.507 (Effect of certain events on effectiveness of financing statement - UCC 9-507) 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. § 1309.507 (2026).

Text

(A)A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.

(B)Except as otherwise provided in division (C) of this section and section1309.508of the Revised Code, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under section1309.506of the Revised Code.

(C)If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under division (A) of section1309.503of the Revised Code so that the

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(A) A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.

(B) Except as otherwise provided in division (C) of this section and section1309.508of the Revised Code, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under section1309.506of the Revised Code.

(C) If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under division (A) of section1309.503of the Revised Code so that the financing statement becomes seriously misleading under section1309.506of the Revised Code:

(1) The financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within four months after, the filed financing statement becomes seriously misleading; and

(2) The financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than four months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement that renders the financing statement not seriously misleading is filed within four months after the financing statement became seriously misleading.