Ohio § 1308.33
Full text of Ohio Ohio Revised Code § 1308.33, with citation guidance and answers to common questions.
§ 1308.33.
(A) A securities intermediary that has transferred a financial asset pursuant to an effective
entitlement order, or a broker or other agent or bailee that has dealt with a financial
asset at the direction of its customer or principal, is not liable to a person having
an adverse claim to the financial asset, unless the securities intermediary, or broker
or other agent or bailee: (1) Took the action after it had been served with an injunction, restraining order, or
other legal process enjoining it from doing so, issued by a court of competent jurisdiction,
and had a reasonable opportunity to act on the injunction, restraining order, or other
legal process; or (2) Acted in collusion with the wrongdoer in violating the rights of the adverse claimant;
or (3) In the case of a security certificate that has been stolen, acted with notice of
the adverse claim. (B) A securities intermediary that receives a financial asset and establishes a security
entitlement to the financial asset in favor of an entitlement holder is a purchaser
for value of the financial asset. A securities intermediary that acquires a security entitlement to a financial asset
from another securities intermediary acquires the security entitlement for value if
the securities intermediary acquiring the security entitlement establishes a security
entitlement to the financial asset in favor of an entitlement holder.
Frequently Asked Questions About Ohio § 1308.33
What does Ohio Revised Code § 1308.33 cover?
Section 1308.33 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 § 1308.33?
A common citation format is "Ohio Revised Code § 1308.33" (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 § 1308.33 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.