Ohio § 1309.320
Full text of Ohio Ohio Revised Code § 1309.320, with citation guidance and answers to common questions.
§ 1309.320.
(A) Except as otherwise provided in division (E) of this section, a buyer in the ordinary
course of business, other than a person buying farm products from a person engaged
in farming operations, takes free of a security interest created by the buyer's seller
even if the security interest is perfected and the buyer knows of its existence. (B) Except as otherwise provided in division (E) of this section, a buyer of goods from
a person who used or bought the goods for use primarily for personal, family, or household
purposes takes free of a security interest, even if perfected, if the buyer buys: (1) Without knowledge of the security interest; (2) For value; (3) Primarily for the buyer's personal, family, or household purposes; and (4) Before the filing of a financing statement covering the goods. (C) To the extent that it affects the priority of a security interest over a buyer of
goods under division (B) of this section, the period of effectiveness of a filing
made in the jurisdiction in which the seller is located is governed by divisions (A) and (B) of section 1309.316 of the Revised Code . (D) A buyer in the ordinary course of business buying oil, gas, or other minerals at
the wellhead or minehead or after extraction takes free of an interest arising out
of an encumbrance. (E) Divisions (A) and (B) of this section do not affect a security interest in goods
in the possession of the secured party under section 1309.313 of the Revised Code .
Frequently Asked Questions About Ohio § 1309.320
What does Ohio Revised Code § 1309.320 cover?
Section 1309.320 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 § 1309.320?
A common citation format is "Ohio Revised Code § 1309.320" (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 § 1309.320 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.