Ohio § 1303.60
Full text of Ohio Ohio Revised Code § 1303.60, with citation guidance and answers to common questions.
§ 1303.60.
(A) The law applicable to conversion of personal property applies to instruments. An instrument also is converted if it is taken by transfer, other than a negotiation,
from a person not entitled to enforce the instrument or if a bank makes or obtains
payment with respect to the instrument for a person not entitled to enforce the instrument
or receive payment. An action for conversion of an instrument may not be brought by the issuer or acceptor
of the instrument or a payee or indorsee who did not receive delivery of the instrument
either directly or through delivery to an agent or a co-payee. (B) In an action under division (A) of this section, the measure of liability is presumed
to be the amount payable on the instrument, but recovery may not exceed the amount
of the plaintiff's interest in the instrument. (C) A representative, other than a depositary bank, who has in good faith dealt with
an instrument or its proceeds on behalf of one who was not the person entitled to
enforce the instrument is not liable in conversion to that person beyond the amount
of any proceeds that it has not paid out.
Frequently Asked Questions About Ohio § 1303.60
What does Ohio Revised Code § 1303.60 cover?
Section 1303.60 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 § 1303.60?
A common citation format is "Ohio Revised Code § 1303.60" (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 § 1303.60 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.