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Ohio · Through 1994-08-19 (Senate Bill 147 - 120th General Assembly)

Ohio Rev. Code § 1303.23: Negotiation subject to rescission - UCC 3-202.

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Where this section sits in the code
  1. Title 13 Commercial Transactions
  2. Chapter 1303 Commercial Paper

(A) Negotiation is effective even if it is obtained in any of the following manners:

(1) From an infant, a corporation exceeding its powers, or any other person without capacity;

(2) By fraud, duress, or mistake of any kind;

(3) As part of an illegal transaction;

(4) In breach of duty.

(B) To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for the rescission or other remedy.

Collected 2026-09-14T19:24:29Z. Source file · JSON

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