Ohio § 1308.02
Full text of Ohio Ohio Revised Code § 1308.02, with citation guidance and answers to common questions.
§ 1308.02.
(A) A share or similar equity interest issued by a corporation, business trust, joint
stock company, or similar entity is a security. (B) An “ investment company security ” is a security. “ Investment company security ” means a share or similar equity interest issued by an entity that is registered
as an investment company under the federal investment company laws, an interest in
a unit investment trust that is so registered, or a face-amount certificate issued
by a face-amount certificate company that is so registered. Investment company security does not include an insurance policy or endowment policy
or annuity contract issued by an insurance company. (C) An interest in a partnership or limited liability company is not a security unless
it is dealt in or traded on securities exchanges or in securities markets, its terms
expressly provide that it is a security governed by this chapter, or it is an investment
company security. However, an interest in a partnership or limited liability company is a financial
asset if it is held in a securities account. (D) A writing that is a security certificate is governed by this chapter and not by Chapter
1303. of the Revised Code, even though it also meets the requirements of that chapter. However, a negotiable instrument governed by Chapter 1303. of the Revised Code is
a financial asset if it is held in a securities account. (E) An option or similar obligation issued by a clearing corporation to its participants
is not a security, but is a financial asset. (F) A commodity contract, as defined in division (A)(15) of section 1309.102 of the Revised Code , is not a security or a financial asset. (G) A document of title is not a financial asset unless division (A)(9)(c) of section 1308.01 of the Revised Code applies.
Frequently Asked Questions About Ohio § 1308.02
What does Ohio Revised Code § 1308.02 cover?
Section 1308.02 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 § 1308.02?
A common citation format is "Ohio Revised Code § 1308.02" (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 § 1308.02 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.