Ohio § 1303.51
Full text of Ohio Ohio Revised Code § 1303.51, with citation guidance and answers to common questions.
§ 1303.51.
(A) As used in this section, “ obligated bank ” means the acceptor of a certified check or the issuer of a cashier's check or teller's
check bought from the issuer. (B) If the obligated bank wrongfully refuses to pay a cashier's check or certified check,
wrongfully stops payment of a teller's check, or wrongfully refuses to pay a dishonored
teller's check, the person asserting the right to enforce the check is entitled to
compensation for expenses and loss of interest resulting from the nonpayment and may
recover consequential damages if the obligated bank refuses to pay after receiving
notice of particular circumstances giving rise to the damages. (C) Expenses or consequential damages otherwise recoverable under division (B) of this
section are not recoverable if the refusal of the obligated bank to pay occurs because
of any of the following: (1) The bank suspends payments. (2) The obligated bank asserts a claim or defense of the bank that it has reasonable
grounds to believe is available against the person entitled to enforce the instrument. (3) The obligated bank has a reasonable doubt whether the person demanding payment is
the person entitled to enforce the instrument. (4) Payment is prohibited by law.
Frequently Asked Questions About Ohio § 1303.51
What does Ohio Revised Code § 1303.51 cover?
Section 1303.51 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 § 1303.51?
A common citation format is "Ohio Revised Code § 1303.51" (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 § 1303.51 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.