{"data":{"id":"us-oh/ohio-rev.-code-1308.02","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 1308.02","heading":"Rules for determining whether certain obligations and interests are securities or financial assets - UCC 8-103.","body":"(A) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security.\n(B) An \"investment company security\" is a security. \"Investment company security\" means a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, an interest in a unit investment trust that is so registered, or a face-amount certificate issued by a face-amount certificate company that is so registered. Investment company security does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.\n(C) An interest in a partnership or limited liability company is not a security unless it is dealt in or traded on securities exchanges or in securities markets, its terms expressly provide that it is a security governed by this chapter, or it is an investment company security. However, an interest in a partnership or limited liability company is a financial asset if it is held in a securities account.\n(D) A writing that is a security certificate is governed by this chapter and not by Chapter 1303. of the Revised Code, even though it also meets the requirements of that chapter. However, a negotiable instrument governed by Chapter 1303. of the Revised Code is a financial asset if it is held in a securities account.\n(E) An option or similar obligation issued by a clearing corporation to its participants is not a security, but is a financial asset.\n(F) A commodity contract, as defined in division (A)(15) of section 1309.102 of the Revised Code, is not a security or a financial asset.\n(G) A document of title is not a financial asset unless division (A)(9)(c) of section 1308.01 of the Revised Code applies.","path":["Title 13 Commercial Transactions","Chapter 1308 Investment Securities"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-1308.02","current_through":"2011-06-29 (House Bill 9 - 129th General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:29Z","sha256":"35be21ec171e1da2edc81025211ee1e69f6f44c08ac57744cadd312ad4f818be","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-1308.01","next":"us-oh/ohio-rev.-code-1308.03"},"notice":"GroundRules: Original legal text. Not legal advice."}