reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1309.312 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.312 | Perfection of Security Interests - Ucc 9-312.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|(A) A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing. (B) Except as otherwise provided in divisions (C) and (D) of section 1309.315 of the Revised Code for proceeds:(1) A security interest in a deposit account may be perfected only by control under section 1309.314 of the Revised Code;(2) And except as otherwise provided in division (D) of section 1309.308 of the Revised Code, a security interest in a letter-of-credit right may be perfected only by control under section 1309.314 of the Revised Code; and(3) A security interest in money may be perfected only by the secured party's taking possession under section 1309.313 of the Revised Code.(C) While goods are in the possession of a bailee that has issued a negotiable document covering the goods:(1) A security interest in the goods may be perfected by perfecting a security interest in the document; and(2) A security interest perfected in the document has priority over any security interest that becomes perfected in the goods by another method during that time.(D) While goods are in the possession of a bailee that has issued a non-negotiable document covering the goods, a security interest in the goods may be perfected by:(1) Issuance of a document in the name of the secured party;(2) The bailee's receipt of notification of the secured party's interest; or(3) Filing as to the goods.(E) A security interest in certificated securities, or negotiable documents, or instruments is perfected without filing or the taking of possession or control for a period of twenty days from the time it attaches to the extent that it arises for new value given under an authenticated security agreement.(F) A perfected security interest in a negotiable document or goods in possession of a bailee, other than one that has issued a negotiable document for the goods, remains perfected for a period of twenty days without filing if the secured party makes available to the debtor the goods or documents representing the goods for the purpose of:(1) Ultimate sale or exchange; or(2) Loading, unloading, storing, shipping, trans-shipping, manufacturing, processing, or otherwise dealing with them in a manner preliminary to their sale or exchange.(G) A perfected security interest in an instrument or certificated security remains perfected for twenty days without filing if the secured party delivers the security certificate or instrument to the debtor for the purpose of:(1) Ultimate sale or exchange; or(2) Presentation, collection, enforcement, renewal, or registration of transfer.(H) After the twenty-day period specified in divisions (E), (F), or (G) of this section expires, perfection depends upon compliance with this chapter.
Ohio Rev Code § 1309.314 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.314 | Perfection by Control - Ucc 9-314.

Effective: June 29, 2011|Latest Legislation:  House Bill 9 - 129th General Assembly|(A) A security interest in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper, or electronic documents may be perfected by control of the collateral under section 1307.106, 1309.104, 1309.105, 1309.106, or 1309.107 of the Revised Code. (B) A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under section 1307.106, 1309.104, 1309.105, or 1309.107 of the Revised Code when the secured party obtains control and remains perfected by control only while the secured party retains control.(C) A security interest in investment property is perfected by control under section 1309.106 of the Revised Code from the time the secured party obtains control and remains perfected by control until:(1) The secured party does not have control; and(2) One of the following occurs:(a) If the collateral is a certificated security, the debtor has or acquires possession of the security certificate;(b) If the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or(c) If the collateral is a security entitlement, the debtor is or becomes the entitlement holder.
Ohio Rev Code § 1309.315 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.315 | Secured Party's Rights on Disposition of Collateral and in Proceeds - Ucc 9-315.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) Except as otherwise provided in this chapter and in division (B) of section 1302.44 of the Revised Code:(1) A security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless the secured party authorized the disposition free of the security interest or agricultural lien; and(2) A security interest attaches to any identifiable proceeds of collateral.(B) Proceeds that are commingled with other property are identifiable proceeds:(1) If the proceeds are goods, to the extent provided by section 1309.336 of the Revised Code; and(2) If the proceeds are not goods, to the extent that the secured party identifies the proceeds by a method of tracing, including application of equitable principles, that is permitted under law other than this chapter with respect to commingled property of the type involved.(C) A security interest in proceeds is a perfected security interest if the security interest in the original collateral was perfected.(D) A perfected security interest in proceeds becomes unperfected on the twenty-first day after the security interest attaches to the proceeds unless:(1) The following conditions are satisfied:(a) A filed financing statement covers the original collateral;(b) The proceeds are collateral in which a security interest may be perfected by filing in the office in which the financing statement has been filed; and(c) The proceeds are not acquired with cash proceeds.(2) The proceeds are identifiable cash proceeds; or(3) The security interest in the proceeds is perfected other than under division (C) of this section when the security interest attaches or within twenty days thereafter.(E) If a filed financing statement covers the original collateral, a security interest in proceeds that remains perfected under division (D)(1) of this section becomes unperfected at the later of:(1) When the effectiveness of the filed financing statement lapses under section 1309.515 of the Revised Code or is terminated under section 1309.513 of the Revised Code; or(2) The twenty-first day after the security interest attaches to the proceeds.
Ohio Rev Code § 1309.317 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.317 | Interests That Take Priority Over or Take Free of Unperfected Security Interest or Agricultural Lien - Ucc 9-317.

Effective: July 1, 2013|Latest Legislation:  Senate Bill 208 - 129th General Assembly|(A) A security interest or agricultural lien is subordinate to the rights of: (1) A person entitled to priority under section 1309.322 of the Revised Code; and(2) Except as otherwise provided in division (E) of this section, a person who becomes a lien creditor before the earlier of the time:(a) The security interest or agricultural lien is perfected; or(b) One of the conditions specified in division (B)(3) of section 1309.203 of the Revised Code is met and a financing statement covering the collateral is filed.(B) Except as otherwise provided in division (E) of this section, a buyer, other than a secured party, of tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest or agricultural lien if the buyer gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.(C) Except as otherwise provided in division (E) of this section, a lessee of goods takes free of a security interest or agricultural lien if the lessee gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.(D) A licensee of a general intangible or a buyer, other than a secured party, of collateral other than tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest if the licensee or buyer gives value without knowledge of the security interest and before it is perfected.(E) Except as otherwise provided in sections 1309.320 and 1309.321 of the Revised Code, if a person files a financing statement with respect to a purchase money security interest before or within twenty days after the debtor receives delivery of the collateral, the security interest takes priority over the rights of a buyer, lessee, or lien creditor that arise between the time the security interest attaches and the time of filing.
Ohio Rev Code § 1309.318 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.318 | No Interest Retained in Right to Payment That Is Sold - Rights and Title of Seller of Account or Chattel Paper With Respect to Creditors and Purchasers - Ucc 9-318.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold.(B) For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper while the buyer's security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold.
Ohio Rev Code § 1309.319 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.319 | Rights and Title of Consignee With Respect to Creditors and Purchasers - Ucc 9-319.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) Except as otherwise provided in division (B) of this section, for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to the goods identical to those the consignor had or had power to transfer.(B) For purposes of determining the rights of a creditor of a consignee, law other than this chapter determines the rights and title of a consignee while goods are in the consignee's possession if, under sections 1309.301 to 1309.342 of the Revised Code, a perfected security interest held by the consignor would have priority over the rights of the creditor.
Ohio Rev Code § 1309.320 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.320 | Buyer of Goods - Ucc 9-320.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) Except as otherwise provided in division (E) of this section, a buyer in the ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer's seller even if the security interest is perfected and the buyer knows of its existence.(B) Except as otherwise provided in division (E) of this section, a buyer of goods from a person who used or bought the goods for use primarily for personal, family, or household purposes takes free of a security interest, even if perfected, if the buyer buys:(1) Without knowledge of the security interest;(2) For value;(3) Primarily for the buyer's personal, family, or household purposes; and(4) Before the filing of a financing statement covering the goods.(C) To the extent that it affects the priority of a security interest over a buyer of goods under division (B) of this section, the period of effectiveness of a filing made in the jurisdiction in which the seller is located is governed by divisions (A) and (B) of section 1309.316 of the Revised Code.(D) A buyer in the ordinary course of business buying oil, gas, or other minerals at the wellhead or minehead or after extraction takes free of an interest arising out of an encumbrance.(E) Divisions (A) and (B) of this section do not affect a security interest in goods in the possession of the secured party under section 1309.313 of the Revised Code.
Ohio Rev Code § 1309.321 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.321 | Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business - Ucc 9-321.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) As used in this section, "licensee in the ordinary course of business" means a person that becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course of business from a person in the business of licensing general intangibles of that kind. A person becomes a licensee in the ordinary course of business if the license to the person comports with the usual or customary practices in the kind of business in which the licensor is engaged or with the licensor's own usual or customary practices.(B) A licensee in the ordinary course of business takes its rights under a nonexclusive license free of a security interest in the general intangible created by the licensor, even if the security interest is perfected and the licensee knows of its existence.(C) A lessee in ordinary course of business takes its leasehold interest free of a security interest in the goods created by the lessor, even if the security interest is perfected and the lessee knows of its existence.
Ohio Rev Code § 1309.323 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.323 | Future Advances - Ucc 9-323.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) Except as otherwise provided in division (C) of this section, for purposes of determining the priority of a perfected security interest under division (A)(1) of section 1309.322 of the Revised Code, perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that:(1) Is made while the security interest is perfected only:(a) Under section 1309.309 of the Revised Code when it attaches; or(b) Temporarily under division (E), (F), or (G) of section 1309.312 of the Revised Code.(2) Is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under section 1309.309 or division (E), (F), or (G) of section 1309.312 of the Revised Code.(B) Except as otherwise provided in division (C) of this section, a security interest is subordinate to the rights of a person that becomes a lien creditor to the extent that the security interest secures advances made more than forty-five days after the person becomes a lien creditor unless the advance is made:(1) Without knowledge of the lien; or(2) Pursuant to a commitment entered into without knowledge of the lien.(C) Divisions (A) and (B) of this section do not apply to a security interest held by a secured party that is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor.(D) Except as otherwise provided in division (E) of this section, a buyer of goods other than a buyer in ordinary course of business takes free of a security interest to the extent that it secures advances made after the earlier of:(1) The time the secured party acquires knowledge of the buyer's purchase; or(2) Forty-five days after the purchase.(E) Division (D) of this section does not apply if the advance is made pursuant to a commitment entered into without knowledge of the buyer's purchase and before the expiration of the forty-five-day period.(F) Except as otherwise provided in division (G) of this section, a lessee of goods, other than a lessee in ordinary course of business, takes the leasehold interest free of a security interest to the extent that it secures advances made after the earlier of:(1) The time the secured party acquires knowledge of the lease; or(2) Forty-five days after the lease contract becomes enforceable.(G) Division (F) of this section does not apply if the advance is made pursuant to a commitment entered into without knowledge of the lease and before the expiration of the forty-five-day period.
Ohio Rev Code § 1309.325 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.325 | Priority of Security Interests in Transferred Collateral - Ucc 9-325.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|(A) Except as otherwise provided in division (B) of this section, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:(1) The debtor acquired the collateral subject to the security interest created by the other person;(2) The security interest created by the other person was perfected when the debtor acquired the collateral; and(3) There is no period thereafter when the security interest is unperfected.(B) Division (A) of this section subordinates a security interest only if the security interest:(1) Otherwise would have priority solely under division (A) of section 1309.322 or section 1309.324 of the Revised Code; or(2) Arose solely under division (C) of section 1302.85 or division (E) of section 1310.54 of the Revised Code.
Ohio Rev Code § 1309.326 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.326 | Priority of Security Interests Created by New Debtor - Ucc 9-326.

Effective: July 1, 2013|Latest Legislation:  Senate Bill 208 - 129th General Assembly|(A) Subject to division (B) of this section, a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and is perfected solely by a filed financing statement that would be ineffective to perfect the security interest but for the application of division (I)(1) of section 1309.316 of the Revised Code or section 1309.508 of the Revised Code is subordinate to a security interest in the same collateral that is perfected other than by such a filed financing statement. (B) Sections 1309.301 to 1309.342 of the Revised Code determine the priority among conflicting security interests in the same collateral perfected by filed financing statements described in division (A) of this section. However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtor's having become bound.
Ohio Rev Code § 1309.327 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.327 | Priority of Security Interests in Deposit Account - Ucc 9-327.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|The following rules govern priority among conflicting security interests in the same deposit account:(A) A security interest held by a secured party having control of the deposit account under section 1309.104 of the Revised Code has priority over a conflicting security interest held by a secured party that does not have control.(B) Except as otherwise provided in divisions (C) and (D) of this section, security interests perfected by control under section 1309.314 of the Revised Code rank according to priority in time of obtaining control.(C) Except as otherwise provided in division (D) of this section, a security interest held by the bank with which the deposit account is maintained has priority over a conflicting security interest held by another secured party.(D) A security interest perfected by control under division (A)(3) of section 1309.104 of the Revised Code has priority over a security interest held by the bank with which the deposit account is maintained.
Ohio Rev Code § 1309.328 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1309 | Secured Transactions|Section 1309.328 | Priority of Security Interests in Investment Property - Ucc 9-328.

Effective: July 1, 2001|Latest Legislation:  Senate Bill 74 - 124th General Assembly|The following rules govern priority among conflicting security interests in the same investment property:(A) A security interest held by a secured party having control of investment property under section 1309.106 of the Revised Code has priority of a security interest held by a secured party that does not have control of the investment property.(B) Except as otherwise provided in divisions (C) and (D) of this section, conflicting security interests held by secured parties each of which has control under section 1309.106 of the Revised Code rank according to priority in time of:(1) If the collateral is a security, obtaining control;(2) If the collateral is a security entitlement carried in a securities account and:(a) If the secured party obtained control under division (D)(1) of section 1308.24 of the Revised Code, the secured party's becoming the person for which the securities account is maintained;(b) If the secured party obtained control under division (D)(2) of section 1308.24 of the Revised Code, the securities intermediary's agreement to comply with the secured party's entitlement orders with respect to security entitlements carried or to be carried in the securities account; or(c) If the secured party obtained control through another person under division (D)(3) of section 1308.24 of the Revised Code, the time on which priority would be based under this paragraph if the other person were the secured party; or(3) If the collateral is a commodity contract carried with a commodity intermediary, the satisfaction of the requirement for control specified in division (B)(2) of section 1309.106 of the Revised Code with respect to commodity contracts carried or to be carried with the commodity intermediary.(C) A security interest held by a securities intermediary in a security entitlement or a securities account maintained with the securities intermediary has priority over a conflicting security interest held by another secured party.(D) A security interest held by a commodity intermediary in a commodity contract or a commodity account maintained with the commodity intermediary has priority over a conflicting security interest held by another secured party.(E) A security interest in a certificated security in registered form that is perfected by taking delivery under division (A) of section 1309.313 of the Revised Code and not by control under section 1309.314 of the Revised Code has priority over a conflicting security interest perfected by a method other than control.(F) Conflicting security interests created by a broker, a securities intermediary, or a commodity intermediary that are perfected without control under section 1309.106 of the Revised Code rank equally.(G) In all other cases, priority between conflicting security interests in investment property is governed by sections 1309.322 and 1309.323 of the Revised Code.