Ohio § 1309.206
Full text of Ohio Ohio Revised Code § 1309.206, with citation guidance and answers to common questions.
§ 1309.206.
(A) A security interest in favor of a securities intermediary attaches to a person's
security entitlement if: (1) The person buys a financial asset through a securities intermediary in a transaction
in which the person is obligated to pay the purchase price to the securities intermediary
at the time of the purchase; and (2) The securities intermediary credits the financial asset to the buyer's securities
account before the buyer pays the securities intermediary. (B) The security interest described in division (A) of this section secures the person's
obligation to pay for the financial asset. (C) A security interest in favor of a person that delivers a certificated security or
other financial asset represented by a writing attaches to the security or other financial
asset if: (1) The security or other financial asset: (a) In the ordinary course of business is transferred by delivery with any necessary
indorsement or assignment; and (b) Is delivered under an agreement between persons in the business of dealing with such
securities or financial assets; and (2) The agreement calls for delivery against payment. (D) The security interest described in division (C) of this section secures the obligation
to make payment for the delivery.
Frequently Asked Questions About Ohio § 1309.206
What does Ohio Revised Code § 1309.206 cover?
Section 1309.206 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 § 1309.206?
A common citation format is "Ohio Revised Code § 1309.206" (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 § 1309.206 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.