Ohio § 1309.321
Full text of Ohio Ohio Revised Code § 1309.321, with citation guidance and answers to common questions.
§ 1309.321.
(A) As used in this section, “ licensee in the ordinary course of business ” means a person that becomes a licensee of a general intangible in good faith, without
knowledge that the license violates the rights of another person in the general intangible,
and in the ordinary course of business from a person in the business of licensing
general intangibles of that kind. A person becomes a licensee in the ordinary course of business if the license to
the person comports with the usual or customary practices in the kind of business
in which the licensor is engaged or with the licensor's own usual or customary practices. (B) A licensee in the ordinary course of business takes its rights under a nonexclusive
license free of a security interest in the general intangible created by the licensor,
even if the security interest is perfected and the licensee knows of its existence. (C) A lessee in ordinary course of business takes its leasehold interest free of a security
interest in the goods created by the lessor, even if the security interest is perfected
and the lessee knows of its existence.
Frequently Asked Questions About Ohio § 1309.321
What does Ohio Revised Code § 1309.321 cover?
Section 1309.321 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 § 1309.321?
A common citation format is "Ohio Revised Code § 1309.321" (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 § 1309.321 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.