Ohio § 1304.58
Full text of Ohio Ohio Revised Code § 1304.58, with citation guidance and answers to common questions.
§ 1304.58.
(A) If an accepted payment order is not an authorized order of a customer identified
as sender under division (A) of section 1304.57 of the Revised Code , but is effective as an order of the customer under division (B) of that section,
both of the following apply: (1) By express written agreement, the receiving bank may limit the extent to which it
is entitled to enforce or retain payment of the payment order. (2) The receiving bank may not enforce or retain payment of the payment order if the
customer proves that the order was not caused, directly or indirectly, by either of
the following: (a) A person entrusted at any time with duties to act for the customer with respect to
payment orders or the security procedure; (b) A person who obtained access to transmitting facilities of the customer or who obtained,
from a source controlled by the customer and without authority of the receiving bank,
information facilitating breach of the security procedure, regardless of how the information
was obtained or whether the customer was at fault. As used in division (A)(2)(b) of this section, “ information ” includes any access device, computer software, or the like. (B) This section applies to amendments of payment orders to the same extent it applies
to payment orders.
Frequently Asked Questions About Ohio § 1304.58
What does Ohio Revised Code § 1304.58 cover?
Section 1304.58 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 § 1304.58?
A common citation format is "Ohio Revised Code § 1304.58" (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 § 1304.58 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.