Ohio § 1302.49
Full text of Ohio Ohio Revised Code § 1302.49, with citation guidance and answers to common questions.
§ 1302.49.
(A) Where the seller has identified goods to the contract by or before shipment: (1) the seller's procurement of a negotiable bill of lading to the seller's own order
or otherwise reserves in the seller a security interest in the goods. The seller's procurement of the bill to the order of a financing agency or of the
buyer indicates in addition only the seller's expectation of transferring that interest
to the person named. (2) a non-negotiable bill of lading to the seller's own self or the seller's nominee
reserves possession of the goods as security but except in a case of conditional delivery
as provided in section 1302.51 of the Revised Code , a non-negotiable bill of lading naming the buyer as consignee reserves no security
interest even though the seller retains possession or control of the bill of lading. (B) When shipment by the seller with reservation of a security interest is in violation
of the contract for sale it constitutes an improper contract for transportation within section 1302.48 of the Revised Code but impairs neither the rights given to the buyer by shipment and identification
of the goods to the contract nor the seller's powers as a holder of a negotiable document
of title.
Frequently Asked Questions About Ohio § 1302.49
What does Ohio Revised Code § 1302.49 cover?
Section 1302.49 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1302.49?
A common citation format is "Ohio Revised Code § 1302.49" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1302.49 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.