Ohio § 1309.316

§ 1309.316.

(A) A security interest perfected pursuant to the law of the jurisdiction designated

in division (A) of section 1309.301 or division (C) of section 1309.305 of the Revised Code remains perfected until the earliest of: (1) The time perfection would have ceased under the law of that jurisdiction; (2) The expiration of four months after a change of the debtor's location to another

jurisdiction;  or (3) The expiration of one year after a transfer of collateral to a person that thereby

becomes a debtor and is located in another jurisdiction. (B) If a security interest described in division (A) of this section becomes perfected

under the law of the other jurisdiction before the earliest time or event described

in that division, it remains perfected thereafter.  If the security interest does not become perfected under the law of the other jurisdiction

before that earliest time or event, it becomes unperfected and is deemed never to

have been perfected as against a purchaser of the collateral for value. (C) A possessory security interest in collateral, other than goods covered by a certificate

of title and as-extracted collateral consisting of goods, remains continuously perfected

if: (1) The collateral is located in one jurisdiction and subject to a security interest

perfected under the law of that jurisdiction; (2) Thereafter, the collateral is brought into another jurisdiction;  and (3) Upon entry into the other jurisdiction, the security interest is perfected under

the law of the other jurisdiction. (D) Except as otherwise provided in division (E) of this section, a security interest

in goods covered by a certificate of title that is perfected by any method under the

law of another jurisdiction when the goods become covered by a certificate of title

from this state remains perfected until the security interest would have become unperfected

under the law of the other jurisdiction had the goods not become so covered. (E) A security interest described in division (D) of this section becomes unperfected

as against a purchaser of the goods for value and is deemed never to have been perfected

as against a purchaser of the goods for value if the applicable requirements for perfection

under division (B) of section 1309.311 or section 1309.313 of the Revised Code are not satisfied before the earlier of: (1) The time the security interest would have become unperfected under the law of the

other jurisdiction had the goods not become covered by a certificate of title from

this state;  or (2) The expiration of four months after the goods had become so covered. (F) A security interest in deposit accounts, letter-of-credit rights, or investment property

that is perfected under the law of the bank's jurisdiction, the issuer's jurisdiction,

a nominated person's jurisdiction, the securities intermediary's jurisdiction, or

the commodity intermediary's jurisdiction, as applicable, remains perfected until

the earlier of: (1) The time the security interest would have become unperfected under the law of that

jurisdiction;  or (2) The expiration of four months after a change of the applicable jurisdiction to another

jurisdiction. (G) If a security interest described in division (F) of this section becomes perfected

under the law of the other jurisdiction before the earlier of the time or the end

of the period described in that division, it remains perfected thereafter.  If the security interest does not become perfected under the law of the other jurisdiction

before the earlier of that time or the end of that period, it becomes unperfected

and is deemed never to have been perfected as against a purchaser of the collateral

for value. (H) The following rules apply to collateral to which a security interest attaches within

four months after the debtor changes its location to another jurisdiction: (1) A financing statement filed before the change pursuant to the law of the jurisdiction

designated in division (A) of section 1309.301 or division (C) of section 1309.305 of the Revised Code is effective to perfect a security interest in the collateral if the financing statement

would have been effective to perfect a security interest in the collateral had the

debtor not changed its location. (2) If a security interest perfected by a financing statement that is effective under

division (H)(1) of this section becomes perfected under the law of the other jurisdiction

before the earlier of the time the financing statement would have become ineffective

under the law of the jurisdiction designated in division (A) of section 1309.301 or division (C) of section 1309.305 of the Revised Code or the expiration of the four-month period, it remains perfected thereafter.  If the security interest does not become perfected under the law of the other jurisdiction

before the earlier time or event, it becomes unperfected and is deemed never to have

been perfected as against a purchaser of the collateral for value. (I) If a financing statement naming an original debtor is filed pursuant to the law of

the jurisdiction designated in division (A) of section 1309.301 or division (C) of section 1309.305 of the Revised Code and the new debtor is located in another jurisdiction, the following rules apply: (1) The financing statement is effective to perfect a security interest in collateral

acquired by the new debtor before, and within four months after, the new debtor becomes

bound under division (D) of section 1309.203 of the Revised Code , if the financing statement would have been effective to perfect a security interest

in the collateral had the collateral been acquired by the original debtor. (2) A security interest perfected by the financing statement and that becomes perfected

under the law of the other jurisdiction before the earlier of the time the financing

statement would have become ineffective under the law of the jurisdiction designated

in division (A) of section 1309.301 or division (C) of section 1309.305 of the Revised Code or the expiration of the four-month period remains perfected thereafter.  A security interest that is perfected by the financing statement but that does not

become perfected under the law of the other jurisdiction before the earlier time or

event becomes unperfected and is deemed never to have been perfected as against a

purchaser of the collateral for value.