Ohio § 1309.318
Full text of Ohio Ohio Revised Code § 1309.318, with citation guidance and answers to common questions.
§ 1309.318.
(A) A debtor that has sold an account, chattel paper, payment intangible, or promissory
note does not retain a legal or equitable interest in the collateral sold. (B) For purposes of determining the rights of creditors of, and purchasers for value
of an account or chattel paper from, a debtor that has sold an account or chattel
paper while the buyer's security interest is unperfected, the debtor is deemed to
have rights and title to the account or chattel paper identical to those the debtor
sold.
Frequently Asked Questions About Ohio § 1309.318
What does Ohio Revised Code § 1309.318 cover?
Section 1309.318 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 § 1309.318?
A common citation format is "Ohio Revised Code § 1309.318" (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 § 1309.318 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.