Ohio § 1309.306
Full text of Ohio Ohio Revised Code § 1309.306, with citation guidance and answers to common questions.
§ 1309.306.
(A) Subject to division (C) of this section, the local law of the issuer's jurisdiction
or a nominated person's jurisdiction governs perfection, the effect of perfection
or nonperfection, and the priority of a security interest in a letter-of-credit right
if the issuer's jurisdiction or nominated person's jurisdiction is a state. (B) For purposes of sections 1309.301 to 1309.342 of the Revised Code , an issuer's jurisdiction or nominated person's jurisdiction is the jurisdiction
whose law governs the liability of the issuer or nominated person with respect to
the letter-of-credit right as provided in section 1305.15 of the Revised Code . (C) This section does not apply to a security interest that is perfected only under division (D) of section 1309.308 of the Revised Code .
Frequently Asked Questions About Ohio § 1309.306
What does Ohio Revised Code § 1309.306 cover?
Section 1309.306 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 § 1309.306?
A common citation format is "Ohio Revised Code § 1309.306" (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 § 1309.306 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.