Ohio Rev. Code § 1316.302: Security interest perfected before effective date - UCC A-302.
Where this section sits in the code
- Title 13 Commercial Transactions
- Chapter 1316 Transitional provisions for Uniform Commercial Code amendments (2022)
Security interest perfected before effective date [UCC A-302]
(A) A security interest that is enforceable and perfected immediately before the effective date of this section is a perfected security interest under the Uniform Commercial Code, as it exists on the effective date of this section, if the requirements for enforceability and perfection under the Uniform Commercial Code, as it exists on the effective date of this section, are satisfied without further action.
(B) If a security interest is enforceable and perfected immediately before the effective date of this section, but the requirements for enforceability or perfection under the Uniform Commercial Code, as it exists on the effective date of this section, are not satisfied on the effective date of this section, the security interest:
(1) Is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before the effective date of this section or the adjustment date;
(2) Remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under section 1309.203 of the Revised Code, as it exists on the effective date of this section, before the adjustment date; and
(3) Remains perfected thereafter only if the requirements for perfection under the Uniform Commercial Code, as it exists on the effective date of this section, are satisfied before the time specified in division (B)(1) of this section.
Collected 2026-10-15T06:12:01Z. Source file · JSON