reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1309.407 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.407 | Restriction on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest - Ucc 9-407.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) Except as otherwise provided in division (B) of this section, a term in a lease agreement is not effective to the extent that it:(1) Prohibits, restricts, or requires the consent of a party to the lease to the assignment or transfer of, or the creation, attachment, perfection, or enforcement of a security interest in, an interest of a party under the lease contract or in the lessor's residual interest in the goods; or(2) Provides that the assignment or transfer or the creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the lease.(B) Except as otherwise provided in division (G) of section 1310.31 of the Revised Code, a term in a lease agreement described in division (A)(2) of this section is effective to the extent that there is:(1) A transfer by the lessee of the lessee's right of possession or use of the goods in violation of the term; or(2) A delegation of a material performance of either party to the lease contract in violation of the term.(C) The creation, attachment, perfection, or enforcement of a security interest in the lessor's interest under the lease contract or the lessor's residual interest in the goods is not a transfer that materially impairs the lessee's prospect of obtaining return performance or materially changes the duty of or materially increases the burden or risk imposed on the lessee within the scope of division (D) of section 1310.31 of the Revised Code unless, and then only to the extent that, enforcement actually results in a delegation of material performance of the lessor.
Ohio Rev Code § 1309.409 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.409 | Restrictions on Assignment of Letter-of-Credit Rights Ineffective - Ucc 9-409.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit that prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary's assignment of or creation of a security interest in a letter-of-credit right is not effective to the extent that the term or rule or law, statute, regulation, custom, or practice:(1) Would impair the creation, attachment, or perfection of a security interest in the letter-of-credit right; or(2) Provides that the assignment or the creation, attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the letter-of-credit right.(B) To the extent that a term in a letter of credit is not effective under division (A) of this section but would be effective under law other than this chapter or under a custom or practice applicable to the letter of credit, to the transfer of a right to draw or otherwise demand performance under the letter of credit, or to the assignment of a right to proceeds of the letter of credit, the creation, attachment, or perfection of a security interest in the letter-of-credit right:(1) Is not enforceable against the applicant, issuer, nominated person, or transferee beneficiary;(2) Imposes no duties or obligations on the applicant, issuer, nominated person, or transferee beneficiary; and(3) Does not require the applicant, issuer, nominated person, or transferee beneficiary to recognize the security interest, pay or render performance to the secured party, or accept payment or other performance from the secured party.
Ohio Rev Code § 1309.501 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.501 | Filing Office - Ucc 9-501.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) Except as provided in division (B) of this section, if the local law of this state governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is:(1) The office designated for the filing or recording of a record of a mortgage on the related real property, if:(a) The collateral is as-extracted collateral or timber to be cut; or(b) The financing statement is filed as a fixture filing, and the collateral is goods that are or are to become fixtures.(2) The office of the secretary of state or any office duly authorized by the secretary of state, in all other cases, including a case in which the collateral is goods that are or are to become fixtures, and the financing statement is not filed as a fixture filing.(B) The office in which to file a financing statement to perfect a security interest in collateral, including fixtures, of a transmitting utility is the office of the secretary of state. The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement that is or is to become fixtures.
Ohio Rev Code § 1309.502 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.502 | Contents of Financing Statement - Record of Mortgage as Financing Statement - Time of Filing Financing Statement - Ucc 9-502.

Effective: July 1, 2013|Latest Legislation:  Senate Bill 208 - 129th General Assembly|(A) Subject to division (B) of this section, a financing statement is sufficient only if it: (1) Provides the name of the debtor;(2) Provides the name of the secured party or a representative of the secured party; and(3) Indicates the collateral covered by the financing statement.(B) Except as otherwise provided in division (B) of section 1309.501 of the Revised Code, to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or that is filed as a fixture filing and covers goods that are or are to become fixtures, shall satisfy division (A) of this section and also:(1) Indicate that it covers this type of collateral;(2) Indicate that it is to be filed in the real property records;(3) Provide a description of the real property to which the collateral is related sufficient to give constructive notice of a mortgage under the laws of this state if the description were contained in a record of the mortgage of the real property; and(4) If the debtor does not have an interest of record in the real property, provide the name of a record owner.(C) A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if:(1) The record indicates the goods or accounts that it covers;(2) The goods are or are to become fixtures related to the real property described in the record, or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut;(3) The record satisfies the requirements for a financing statement contained in this section, but:(a) The record need not indicate that it is to be filed in the real property records; and(b) The record sufficiently provides the name of a debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom division (A)(4) of section 1309.503 of the Revised Code applies; and(4) The record is duly recorded.(D) A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.
Ohio Rev Code § 1309.504 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.504 | Indication of Collateral - Ucc 9-504.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:(A) A description of the collateral pursuant to section 1309.108 of the Revised Code; or(B) An indication that the financing statement covers all assets or all personal property.
Ohio Rev Code § 1309.505 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.505 | Filing and Compliance With Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions - Ucc 9-505.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in division (A) of section 1309.311 of the Revised Code, using the terms "consignor," "consignee," "lessor," "lessee," "bailor," "bailee," "licensor," "licensee," "owner," "registered owner," "buyer," "seller," or words of similar import, instead of the terms "secured party" and "debtor."(B) Sections 1309.501 to 1309.527 of the Revised Code apply to the filing of a financing statement under division (A) of this section and, as appropriate, to compliance that is equivalent to filing a financing statement under division (B) of section 1309.311 of the Revised Code, but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer that attaches to the collateral is perfected by the filing or compliance.
Ohio Rev Code § 1309.506 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.506 | Effect of Errors or Omissions - Ucc 9-506.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) A financing statement that substantially satisfies the requirements of sections 1309.501 to 1309.527 of the Revised Code is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.(B) Except as otherwise provided in division (C) of this section, a financing statement that fails sufficiently to provide the name of the debtor in accordance with division (A) of section 1309.503 of the Revised Code is seriously misleading.(C) If a search of the records of the filing office under the debtor's correct name, using the filing office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with division (A) of section 1309.503 of the Revised Code, the name provided does not make the financing statement seriously misleading.(D) For purposes of division (B) of section 1309.508 of the Revised Code, the "debtor's correct name" referred to in division (C) of this section means the correct name of the new debtor.
Ohio Rev Code § 1309.507 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.507 | Effect of Certain Events on Effectiveness of Financing Statement - Ucc 9-507.

Effective: July 1, 2013|Latest Legislation:  Senate Bill 208 - 129th General Assembly|(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 section 1309.508 of 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 section 1309.506 of 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 section 1309.503 of the Revised Code so that the financing statement becomes seriously misleading under section 1309.506 of 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.
Ohio Rev Code § 1309.508 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.508 | Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement - Ucc 9-508.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.(B) If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under division (A) of this section to be seriously misleading under section 1309.506 of the Revised Code:(1) The financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within four months after, the new debtor becomes bound under division (D) of section 1309.203 of the Revised Code; and(2) The financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than four months after the new debtor becomes bound under division (D) of section 1309.203 of the Revised Code unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.(C) This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under division (A) of section 1309.507 of the Revised Code.
Ohio Rev Code § 1309.509 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.509 | Persons Entitled to File a Record - Ucc 9-509.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if:(1) The debtor authorizes the filing in an authenticated record or pursuant to division (B) or (C) of this section; or(2) The person holds an agricultural lien that has become effective at the time of filing, and the financing statement covers only collateral in which the person holds an agricultural lien.(B) By authenticating or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an initial financing statement, and an amendment, covering:(1) The collateral described in the security agreement; and(2) Property that becomes collateral under division (A)(2) of section 1309.315 of the Revised Code, whether or not the security agreement expressly covers proceeds.(C) By acquiring collateral in which a security interest or agricultural lien continues under division (A)(1) of section 1309.315 of the Revised Code, a debtor authorizes the filing of an initial financing statement, and an amendment, covering the collateral and property that becomes collateral under division (A)(2) of section 1309.315 of the Revised Code.(D) A person may file an amendment other than an amendment that adds collateral covered by a financing statement or an amendment that adds a debtor to a financing statement only if:(1) The secured party of record authorizes the filing; or(2) The amendment is a termination statement for a financing statement as to which the secured party of record has failed to file or send a termination statement as required by division (A) or (C) of section 1309.513 of the Revised Code, the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed.(E) If there is more than one secured party of record for a financing statement, each secured party of record may authorize the filing of an amendment under division (D) of this section.
Ohio Rev Code § 1309.510 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.510 | Effectiveness of Filed Record - Ucc 9-510.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) A filed record is effective only to the extent that it was filed by a person who is permitted to file it under section 1309.509 of the Revised Code.(B) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record.(C) A continuation statement that is not filed within the six-month period prescribed by division (D) of section 1309.515 of the Revised Code is not effective.
Ohio Rev Code § 1309.511 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.511 | Secured Party of Record - Ucc 9-511.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under division (A) of section 1309.514 of the Revised Code, the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.(B) If an amendment of a financing statement that provides the name of a person as a secured party or a representative of a secured party is filed, the person named in the amendment is a secured party of record. If an amendment is filed under division (B) of section 1309.514 of the Revised Code, the assignee named in the amendment is a secured party of record.(C) A person remains a secured party of record until an amendment of the financing statement is filed that deletes the person as a secured party of record.
Ohio Rev Code § 1309.512 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.512 | Amendment of Financing Statement - Ucc 9-512.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) Subject to section 1309.509 of the Revised Code, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to division (E) of this section, otherwise amend the information provided in, a financing statement by filing an amendment that:(1) Identifies, by its file number, the initial financing statement to which the amendment relates; and(2) If the amendment relates to an initial financing statement filed in a filing office described in division (A)(1) of section 1309.501 of the Revised Code, provides the date and time that the initial financing statement was filed and the information specified in division (B) of section 1309.502 of the Revised Code.(B) Except as otherwise provided in section 1309.515 of the Revised Code, the filing of an amendment does not extend the period of effectiveness of the financing statement.(C) A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment.(D) A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment.(E) An amendment is ineffective to the extent it:(1) Purports to delete all debtors and fails to provide the name of a debtor to be covered by the financing statement; or(2) Purports to delete all secured parties of record and fails to provide the name of a new secured party of record.
Ohio Rev Code § 1309.513 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.513 | Termination Statement - Ucc 9-513.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and:(1) There is no obligation secured by the collateral covered by the financing statement, and no commitment to make an advance, incur an obligation, or otherwise give value; or(2) The debtor did not authorize the filing of the initial financing statement.(B) To comply with division (A) of this section, a secured party shall cause the secured party of record to file the termination statement:(1) Within one month after there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or(2) If earlier, within twenty days after the secured party receives an authenticated demand from a debtor.(C) In cases not governed by division (A) of this section, within twenty days after a secured party receives an authenticated demand from a debtor, the secured party shall cause the secured party of record for a financing statement to send to the debtor a termination statement for the financing statement or file the termination statement in the filing office if:(1) Except in the case of a financing statement covering accounts or chattel paper that has been sold or goods that are the subject of a consignment, there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value;(2) The financing statement covers accounts or chattel paper that have been sold but as to which the account debtor or other person obligated has discharged its obligation;(3) The financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor's possession; or(4) The debtor did not authorize the filing of the initial financing statement.(D) Except as provided in section 1309.510 of the Revised Code, upon the filing of a termination statement with the filing office, the financing statement to which the termination statement relates ceases to be effective. Except as provided in section 1309.510 of the Revised Code, for purposes of division (G) of section 1309.519, division (A) of section 1309.522, and division (C) of section 1309.523 of the Revised Code, the filing with the filing office of a termination statement relating to a financing statement that indicates that the debtor is a transmitting utility also causes the effectiveness of the financing statement to lapse.