{"data":{"id":"us-oh/ohio-rev.-code-1308.33","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 1308.33","heading":"Securities intermediary and others not liable to adverse claimant - UCC 8-115 - securities intermediary as purchaser for value - UCC 8-116.","body":"(A) A securities intermediary that has transferred a financial asset pursuant to an effective entitlement order, or a broker or other agent or bailee that has dealt with a financial asset at the direction of its customer or principal, is not liable to a person having an adverse claim to the financial asset, unless the securities intermediary, or broker or other agent or bailee:\n(1) Took the action after it had been served with an injunction, restraining order, or other legal process enjoining it from doing so, issued by a court of competent jurisdiction, and had a reasonable opportunity to act on the injunction, restraining order, or other legal process; or\n(2) Acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or\n(3) In the case of a security certificate that has been stolen, acted with notice of the adverse claim.\n(B) A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is a purchaser for value of the financial asset. A securities intermediary that acquires a security entitlement to a financial asset from another securities intermediary acquires the security entitlement for value if the securities intermediary acquiring the security entitlement establishes a security entitlement to the financial asset in favor of an entitlement holder.","path":["Title 13 Commercial Transactions","Chapter 1308 Investment Securities"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-1308.33","current_through":"1998-01-01 (House Bill 170 - 122nd General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:29Z","sha256":"3654696cb3d21c7458329c6064434aa1cd441925cd59ba96cc0e7ba476e1234a","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-1308.32","next":"us-oh/ohio-rev.-code-1308.37"},"notice":"GroundRules: Original legal text. Not legal advice."}