Ohio § 1309.329
Full text of Ohio Ohio Revised Code § 1309.329, with citation guidance and answers to common questions.
§ 1309.329.
The following govern priority among conflicting security interests in the same letter-of-credit
right: (A) A security interest held by a secured party having control of the letter-of-credit
right under section 1309.107 of the Revised Code has priority to the extent of its control over a conflicting security interest held
by a secured party that does not have control. (B) Security interests perfected by control under section 1309.314 of the Revised Code rank according to priority in time of obtaining control.
Frequently Asked Questions About Ohio § 1309.329
What does Ohio Revised Code § 1309.329 cover?
Section 1309.329 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 § 1309.329?
A common citation format is "Ohio Revised Code § 1309.329" (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 § 1309.329 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.