reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1307.502 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.502 | Rights Acquired by Due Negotiation - Ucc 7-502.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Rights acquired by due negotiation [UCC 7-502] (A) Subject to sections 1307.205 and 1307.503 of the Revised Code, a holder to which a negotiable document of title has been duly negotiated acquires thereby:(1) title to the document;(2) title to the goods;(3) all rights accruing under the law of agency or estoppel, including rights to goods delivered to the bailee after the document was issued; and(4) the direct obligation of the issuer to hold or deliver the goods according to the terms of the document free of any defense or claim by the issuer except those arising under the terms of the document or under sections 1307.101 to 1307.603 of the Revised Code, but in the case of a delivery order, the bailee's obligation accrues only upon the bailee's acceptance of the delivery order and the obligation acquired by the holder is that the issuer and any indorser will procure the acceptance of the bailee.(B) Subject to section 1307.503 of the Revised Code, title and rights acquired by due negotiation are not defeated by any stoppage of the goods represented by the document of title or by surrender of the goods by the bailee and are not impaired even if:(1) The due negotiation or any prior due negotiation constituted a breach of duty;(2) Any person has been deprived of possession of a negotiable tangible document or control of a negotiable electronic document by misrepresentation, fraud, accident, mistake, duress, loss, theft, or conversion; or(3) A previous sale or other transfer of the goods or document has been made to a third person.
Ohio Rev Code § 1307.503 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.503 | Document of Title to Goods Defeated in Certain Cases - Ucc 7-503.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Document of title to goods defeated in certain cases [UCC 7-503] (A) A document of title confers no right in goods against a person that before issuance of the document had a legal interest or a perfected security interest in the goods and that did not:(1) Deliver or entrust the goods or any document of title covering the goods to the bailor or the bailor's nominee with:(a) Actual or apparent authority to ship, store, or sell;(b) Power to obtain delivery under section 1307.403 of the Revised Code; or(c) Power of disposition under division (C) of section 1309.321 or section 1302.44, 1309.320, 1310.32, or 1310.33 of the Revised Code, or other statute or rule of law; or(2) Acquiesce in the procurement by the bailor or its nominee of any document.(B) Title to goods based upon an unaccepted delivery order is subject to the rights of any person to which a negotiable warehouse receipt or bill of lading covering the goods has been duly negotiated. That title may be defeated under section 1307.504 of the Revised Code to the same extent as the rights of the issuer or a transferee from the issuer.(C) Title to goods based upon a bill of lading issued to a freight forwarder is subject to the rights of any person to which a bill issued by the freight forwarder is duly negotiated. However, delivery by the carrier in accordance with sections 1307.401 to 1307.404 of the Revised Code pursuant to its own bill of lading discharges the carrier's obligation to deliver.
Ohio Rev Code § 1307.504 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.504 | Rights Acquired in Absence of Due Negotiation; Effect of Diversion; Stoppage of Delivery - Ucc 7-504.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery [UCC 7-504] (A) A transferee of a document of title, whether negotiable or nonnegotiable, to which the document has been delivered but not duly negotiated, acquires the title and rights that its transferor had or had actual authority to convey.(B) In the case of a transfer of a nonnegotiable document of title, until but not after the bailee receives notice of the transfer, the rights of the transferee may be defeated:(1) By those creditors of the transferor which could treat the transfer as void under section 1302.43 or 1310.36 of the Revised Code;(2) By a buyer from the transferor in ordinary course of business if the bailee has delivered the goods to the buyer or received notification of the buyer's rights;(3) By a lessee from the transferor in ordinary course of business if the bailee has delivered the goods to the lessee or received notification of the lessee's rights; or(4) As against the bailee, by good-faith dealings of the bailee with the transferor.(C) A diversion or other change of shipping instructions by the consignor in a nonnegotiable bill of lading which causes the bailee not to deliver the goods to the consignee defeats the consignee's title to the goods if the goods have been delivered to a buyer in ordinary course of business or a lessee in ordinary course of business and, in any event, defeats the consignee's rights against the bailee.(D) Delivery of the goods pursuant to a nonnegotiable document of title may be stopped by a seller under section 1302.79 of the Revised Code or a lessor under section 1310.72 of the Revised Code, subject to the requirements of due notification in those sections. A bailee that honors the seller's or lessor's instructions is entitled to be indemnified by the seller or lessor against any resulting loss or expense.
Ohio Rev Code § 1307.505 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.505 | Indorser Not Guarantor for Other Parties - Ucc 7-505.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Indorser not guarantor for other parties [UCC 7-505] The indorsement of a tangible document of title issued by a bailee does not make the indorser liable for any default by the bailee or previous indorsers.
Ohio Rev Code § 1307.506 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.506 | Delivery Without Indorsement: Right to Compel Indorsement - Ucc 7-506.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Delivery without indorsement: right to compel indorsement [UCC 7-506] The transferee of a negotiable tangible document of title has a specifically enforceable right to have its transferor supply any necessary indorsement, but the transfer becomes a negotiation only as of the time the indorsement is supplied.
Ohio Rev Code § 1307.507 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.507 | Warranties on Negotiation or Delivery of Document of Title - Ucc 7-507.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Warranties on negotiation or delivery of document of title [UCC 7-507] If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under section 1307.508 of the Revised Code, unless otherwise agreed, the transferor, in addition to any warranty made in selling or leasing the goods, warrants to its immediate purchaser only that:(A) The document is genuine;(B) The transferor does not have knowledge of any fact that would impair the document's validity or worth; and(C) The negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents.
Ohio Rev Code § 1307.508 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.508 | Warranties of Collecting Bank as to Documents of Title - Ucc 7-508.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Warranties of collecting bank as to documents of title [UCC 7-508] A collecting bank or other intermediary known to be entrusted with documents of title on behalf of another or with collection of a draft or other claim against delivery of documents warrants by the delivery of the documents only its own good faith and authority even if the collecting bank or other intermediary has purchased or made advances against the claim or draft to be collected.
Ohio Rev Code § 1307.509 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.509 | Adequate Compliance With Commercial Contract - Ucc 7-509.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Adequate compliance with commercial contract [UCC 7-509] Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease, or the conditions of a letter of credit is determined by sections 1302.01 to 1302.98, 1305.01 to 1305.16, and 1310.01 to 1310.78 of the Revised Code.
Ohio Rev Code § 1307.601 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.601 | Lost, Stolen, or Destroyed Documents of Title - Ucc 7-601.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Lost, stolen, or destroyed documents of title [UCC 7-601] (A) If a document of title is lost, stolen, or destroyed, a court may order delivery of the goods or issuance of a substitute document and the bailee may without liability to any person comply with the order. If the document was negotiable, a court may not order delivery of the goods or issuance of a substitute document without the claimant's posting security unless it finds that any person that may suffer loss as a result of nonsurrender of possession or control of the document is adequately protected against the loss. If the document was nonnegotiable, the court may require security. The court may also order payment of the bailee's reasonable costs and attorney's fees in any action under this division.(B) A bailee that, without a court order, delivers goods to a person claiming under a missing negotiable document of title is liable to any person injured thereby. If the delivery is not in good faith, the bailee is liable for conversion. Delivery in good faith is not conversion if the claimant posts security with the bailee in an amount at least double the value of the goods at the time of posting to indemnify any person injured by the delivery which files a notice of claim within one year after the delivery.
Ohio Rev Code § 1307.602 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.602 | Judicial Process Against Goods Covered by Negotiable Document of Title - Ucc 7-602.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Judicial process against goods covered by negotiable document of title [UCC 7-602] Unless a document of title was originally issued upon delivery of the goods by a person that did not have power to dispose of them, a lien does not attach by virtue of any judicial process to goods in the possession of a bailee for which a negotiable document of title is outstanding unless possession or control of the document is first surrendered to the bailee or the document's negotiation is enjoined. The bailee may not be compelled to deliver the goods pursuant to process until possession or control of the document is surrendered to the bailee or to the court. A purchaser of the document for value without notice of the process or injunction takes free of the lien imposed by judicial process.
Ohio Rev Code § 1307.603 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.603 | Conflicting Claims; Interpleader - Ucc 7-603.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Conflicting claims; interpleader [UCC 7-603] If more than one person claims title to or possession of the goods, the bailee is excused from delivery until the bailee has a reasonable time to ascertain the validity of the adverse claims or to commence an action for interpleader. The bailee may assert an interpleader either in defending an action for nondelivery of the goods or by original action.
Ohio Rev Code § 1307.703 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.703 | Applicability - Ucc 7-703.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Applicability [UCC 7-703] Sections 1307.101 to 1307.603 of the Revised Code apply to a document of title that is issued or a bailment that arises on or after the effective date of this section. Sections 1307.101 to 1307.603 of the Revised Code do not apply to a document of title that is issued or a bailment that arises before the effective date of this section even if the document of title or bailment would be subject to those sections if the document of title had been issued or bailment had arisen after the effective date of this section. These sections do not apply to a right of action that has accrued before the effective date of this section.
Ohio Rev Code § 1307.704 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1307 | Documents of Title|Section 1307.704 | Savings Clause - Ucc 7-704.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|Savings clause [UCC 7-704] A document of title issued or a bailment that arises before the effective date of sections 1307.101 to 1307.603 of the Revised Code and the rights, obligations, and interests flowing from that document or bailment are governed by any statute or other rule amended or repealed by H.B. 9 of the 129th general assembly as if amendment or repeal had not occurred and may be terminated, completed, consummated, or enforced under that statute or other rule.
Ohio Rev Code § 1308.02 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1308 | Investment Securities|Section 1308.02 | Rules for Determining Whether Certain Obligations and Interests Are Securities or Financial Assets - Ucc 8-103.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|(A) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security. (B) An "investment company security" is a security. "Investment company security" means a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, an interest in a unit investment trust that is so registered, or a face-amount certificate issued by a face-amount certificate company that is so registered. Investment company security does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.(C) An interest in a partnership or limited liability company is not a security unless it is dealt in or traded on securities exchanges or in securities markets, its terms expressly provide that it is a security governed by this chapter, or it is an investment company security. However, an interest in a partnership or limited liability company is a financial asset if it is held in a securities account.(D) A writing that is a security certificate is governed by this chapter and not by Chapter 1303. of the Revised Code, even though it also meets the requirements of that chapter. However, a negotiable instrument governed by Chapter 1303. of the Revised Code is a financial asset if it is held in a securities account.(E) An option or similar obligation issued by a clearing corporation to its participants is not a security, but is a financial asset.(F) A commodity contract, as defined in division (A)(15) of section 1309.102 of the Revised Code, is not a security or a financial asset.(G) A document of title is not a financial asset unless division (A)(9)(c) of section 1308.01 of the Revised Code applies.
Ohio Rev Code § 1308.03 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1308 | Investment Securities|Section 1308.03 | Overissue Defined - Effect - Ucc 8-210.

Effective: January 1, 1998|Latest Legislation:  House Bill 170 - 122nd General Assembly|(A) Except as otherwise provided in divisions (A)(1) and (2) of this section, the provisions of this chapter which validate a security or compel its issue or reissue do not apply to the extent that validation, issue, or reissue would result in overissue.(1) If an identical security which does not constitute an overissue is reasonably available for purchase, the person entitled to issue or validation may compel the issuer to purchase the security and deliver it if certificated or register its transfer if uncertificated, against surrender of any security certificate the person holds.(2) If a security is not so available for purchase, a person entitled to issue or validation may recover from the issuer the price the person or the last purchaser for value paid for it with interest from the date of the person's demand.(B) "Overissue" means the issue of securities in excess of the amount the issuer has corporate power to issue, but an overissue does not occur if appropriate action has cured the overissue.
Ohio Rev Code § 1308.04 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1308 | Investment Securities|Section 1308.04 | Evidentiary Rules Concerning Certificate Securities - Ucc 8-114.

Effective: January 1, 1998|Latest Legislation:  House Bill 170 - 122nd General Assembly|The following rules apply in an action on a certificated security against the issuer:(A) Unless specifically denied in the pleadings, each signature on a security certificate or in a necessary indorsement is admitted;(B) If the effectiveness of a signature is put in issue, the burden of establishing effectiveness is on the party claiming under the signature, but the signature is presumed to be genuine or authorized;(C) If signatures on a security certificate are admitted or established, production of the certificate entitles a holder to recover on it unless the defendant establishes a defense or a defect going to the validity of the security;(D) If it is shown that a defense or defect exists, the plaintiff has the burden of establishing that the plaintiff or some person under whom the plaintiff claims is a person against whom the defense or defect cannot be asserted.
Ohio Rev Code § 1308.06 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1308 | Investment Securities|Section 1308.06 | Clearing Corporation Rules - Ucc 8-111.

Effective: January 1, 1998|Latest Legislation:  House Bill 170 - 122nd General Assembly|A rule adopted by a clearing corporation governing rights and obligations among the clearing corporation and its participants in the clearing corporation is effective even if the rule conflicts with this chapter and affects another party who does not consent to the rule.
Ohio Rev Code § 1308.07 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1308 | Investment Securities|Section 1308.07 | Statute of Frauds Inapplicable - Ucc 8-113.

Effective: January 1, 1998|Latest Legislation:  House Bill 170 - 122nd General Assembly|A contract or modification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing signed or record authenticated by a party against whom enforcement is sought, even if the contract or modification is not capable of performance within one year of its making.
Ohio Rev Code § 1308.08 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1308 | Investment Securities|Section 1308.08 | Issuer - Ucc 8-201.

Effective: January 1, 1998|Latest Legislation:  House Bill 170 - 122nd General Assembly|(A) With respect to obligations on or defenses to a security, "issuer" includes a person who:(1) Places or authorizes the placing of its name on a security certificate, otherwise than as authenticating trustee, registrar, transfer agent, or the like, to evidence a share, participation, or other interest in its property or in an enterprise, or to evidence its duty to perform an obligation represented by the certificate;(2) Creates shares, participations, or other interests in its property or in an enterprise, or undertakes obligations, that are uncertificated securities;(3) Directly or indirectly creates fractional interests in its rights or property, if the fractional interests are represented by security certificates; or(4) Becomes responsible for, or in place of, any other person described as an issuer in this section.(B) With respect to obligations on or defenses to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation is noted on a security certificate.(C) With respect to registration of transfer, "issuer" means a person on whose behalf transfer books are maintained.
Ohio Rev Code § 1308.10 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1308 | Investment Securities|Section 1308.10 | Staleness as Notice of Defect or Defense - Ucc 8-203.

Effective: January 1, 1998|Latest Legislation:  House Bill 170 - 122nd General Assembly|After an act or event, other than a call that has been revoked, creating a right to immediate performance of the principal obligation represented by a certificated security or that sets a date on or after which the security is to be presented or surrendered for redemption or exchange, a purchaser is charged with notice of any defect in its issue or defense of the issuer if the act or event:(A) Requires the payment of money, the delivery of a certificated security, the registration of transfer of an uncertificated security, or any of them on presentation or surrender of the security certificate, the money or security is available on the date set for payment or exchange, and the purchaser takes the security more than one year after that date; or(B) Is not covered by division (A) of this section and the purchaser takes the security more than two years after the date set for surrender or presentation or the date on which performance became due.
Ohio Rev Code § 1308.11 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1308 | Investment Securities|Section 1308.11 | Effect of Issuer's Restriction on Transfer - Ucc 8-204 - Issuer's Lien - Ucc 8-209.

Effective: January 1, 1998|Latest Legislation:  House Bill 170 - 122nd General Assembly|(A) A restriction on transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without actual knowledge of it unless:(1) The security is certificated and the restriction is noted conspicuously on the security certificate; or(2) The security is uncertificated and the registered owner has been notified of the restriction.(B) A lien in favor of an issuer upon a certificated security is valid against a purchaser only if the right of the issuer to the lien is noted conspicuously on the security certificate.
Ohio Rev Code § 1308.12 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1308 | Investment Securities|Section 1308.12 | Effect of Unauthorized Signature on Security Certificate - Ucc 8-205.

Effective: January 1, 1998|Latest Legislation:  House Bill 170 - 122nd General Assembly|An unauthorized signature placed on a security certificate before or in the course of issue is ineffective, but the signature is effective in favor of a purchaser for value of the certificated security if the purchaser is without notice of the lack of authority and the signing has been done by:(A) An authenticating trustee, registrar, transfer agent, or other person entrusted by the issuer with the signing of the security certificate or of similar security certificates, or the immediate preparation for signing of any of them; or(B) An employee of the issuer, or of any of the persons listed in division (A) of this section, entrusted with responsible handling of the security certificate.