Ohio § 1309.502
Full text of Ohio Ohio Revised Code § 1309.502, with citation guidance and answers to common questions.
§ 1309.502.
(A) Subject to division (B) of this section, a financing statement is sufficient only
if it: (1) Provides the name of the debtor; (2) Provides the name of the secured party or a representative of the secured party;
and (3) Indicates the collateral covered by the financing statement. (B) Except as otherwise provided in division (B) of section 1309.501 of the Revised Code , to be sufficient, a financing statement that covers as-extracted collateral or timber
to be cut, or that is filed as a fixture filing and covers goods that are or are to
become fixtures, shall satisfy division (A) of this section and also: (1) Indicate that it covers this type of collateral; (2) Indicate that it is to be filed in the real property records; (3) Provide a description of the real property to which the collateral is related sufficient
to give constructive notice of a mortgage under the laws of this state if the description
were contained in a record of the mortgage of the real property; and (4) If the debtor does not have an interest of record in the real property, provide the
name of a record owner. (C) A record of a mortgage is effective, from the date of recording, as a financing statement
filed as a fixture filing or as a financing statement covering as-extracted collateral
or timber to be cut only if: (1) The record indicates the goods or accounts that it covers; (2) The goods are or are to become fixtures related to the real property described in
the record, or the collateral is related to the real property described in the record
and is as-extracted collateral or timber to be cut; (3) The record satisfies the requirements for a financing statement contained in this
section, but: (a) The record need not indicate that it is to be filed in the real property records;
and (b) The record sufficiently provides the name of a debtor who is an individual if it
provides the individual name of the debtor or the surname and first personal name
of the debtor, even if the debtor is an individual to whom division (A)(4) of section 1309.503 of the Revised Code applies; and (4) The record is duly recorded. (D) A financing statement may be filed before a security agreement is made or a security
interest otherwise attaches.
Frequently Asked Questions About Ohio § 1309.502
What does Ohio Revised Code § 1309.502 cover?
Section 1309.502 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 § 1309.502?
A common citation format is "Ohio Revised Code § 1309.502" (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 § 1309.502 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.