{"data":{"id":"us-oh/ohio-rev.-code-1303.23","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 1303.23","heading":"Negotiation subject to rescission - UCC 3-202.","body":"(A) Negotiation is effective even if it is obtained in any of the following manners:\n(1) From an infant, a corporation exceeding its powers, or any other person without capacity;\n(2) By fraud, duress, or mistake of any kind;\n(3) As part of an illegal transaction;\n(4) In breach of duty.\n(B) To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good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.","path":["Title 13 Commercial Transactions","Chapter 1303 Commercial Paper"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-1303.23","current_through":"1994-08-19 (Senate Bill 147 - 120th General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:29Z","sha256":"ee915d422d2f1c2877fceb5694b8740432d1fbdd82bbe1671296dff28027094c","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-1303.22","next":"us-oh/ohio-rev.-code-1303.24"},"notice":"GroundRules: Original legal text. Not legal advice."}