Ohio § 1309.617 Rights of transferee of collateral - UCC 9-617

Ohio Statutes

§ 1309.617 — Rights of transferee of collateral - UCC 9-617

Ohio § 1309.617

Title 13Commercial Transactions

Ch. 1309Secured Transactions

This text of Ohio § 1309.617 (Rights of transferee of collateral - UCC 9-617) 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. § 1309.617 (2026).

Text

(A)A secured party's disposition of collateral after default:

(1)Transfers to a transferee for value all of the debtor's rights in the collateral;

(2)Discharges the security interest under which the disposition is made; and

(3)Discharges any subordinate security interest or other subordinate lien other than the liens specified in division (D) of section1309.109of the Revised Code.

(B)A transferee who acts in good faith takes free of the rights and interests described in division (A) of this section, even if the secured party fails to comply with this chapter or the requirements of any judicial proceeding.

(C)If a transferee does not take free of the rights and interests described in division (A) of this section, the transferee takes the collateral subject to:

(1)The debtor's r

Free access — add to your briefcase to read the full text and ask questions with AI

(A) A secured party's disposition of collateral after default:

(1) Transfers to a transferee for value all of the debtor's rights in the collateral;

(2) Discharges the security interest under which the disposition is made; and

(3) Discharges any subordinate security interest or other subordinate lien other than the liens specified in division (D) of section1309.109of the Revised Code.

(B) A transferee who acts in good faith takes free of the rights and interests described in division (A) of this section, even if the secured party fails to comply with this chapter or the requirements of any judicial proceeding.

(C) If a transferee does not take free of the rights and interests described in division (A) of this section, the transferee takes the collateral subject to:

(1) The debtor's rights in the collateral;

(2) The security interest or agricultural lien under which the disposition is made; and

(3) Any other security interest or other lien.