Ohio § 1308.59
Full text of Ohio Ohio Revised Code § 1308.59, with citation guidance and answers to common questions.
§ 1308.59.
(A) If the substance of a duty imposed upon a securities intermediary by sections 1308.54 to 1308.58 of the Revised Code is the subject of other statute, regulation, or rule, compliance with that statute,
regulation, or rule satisfies the duty. (B) To the extent that specific standards for the performance of the duties of a securities
intermediary or the exercise of the rights of an entitlement holder are not specified
by other statute, regulation, or rule or by agreement between the securities intermediary
and entitlement holder, the securities intermediary shall perform its duties and the
entitlement holder shall exercise its rights in a commercially reasonable manner. (C) The obligation of a securities intermediary to perform the duties imposed by sections 1308.54 to 1308.58 of the Revised Code is subject to: (1) Rights of the securities intermediary arising out of a security interest under a
security agreement with the entitlement holder or otherwise; and (2) Rights of the securities intermediary under other law, regulation, rule, or agreement
to withhold performance of its duties as a result of unfulfilled obligations of the
entitlement holder to the securities intermediary. (D) Sections 1308.54 to 1308.58 of the Revised Code do not require a securities intermediary to take any action that is prohibited by
other statute, regulation, or rule.
Frequently Asked Questions About Ohio § 1308.59
What does Ohio Revised Code § 1308.59 cover?
Section 1308.59 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 § 1308.59?
A common citation format is "Ohio Revised Code § 1308.59" (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 § 1308.59 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.