Ohio § 1309.507
Full text of Ohio Ohio Revised Code § 1309.507, with citation guidance and answers to common questions.
§ 1309.507.
(A) A filed financing statement remains effective with respect to collateral that is
sold, exchanged, leased, licensed, or otherwise disposed of and in which a security
interest or agricultural lien continues, even if the secured party knows of or consents
to the disposition. (B) Except as otherwise provided in division (C) of this section and section 1309.508 of the Revised Code , a financing statement is not rendered ineffective if, after the financing statement
is filed, the information provided in the financing statement becomes seriously misleading
under section 1309.506 of the Revised Code . (C) If the name that a filed financing statement provides for a debtor becomes insufficient
as the name of the debtor under division (A) of section 1309.503 of the Revised Code so that the financing statement becomes seriously misleading under section 1309.506 of the Revised Code : (1) The financing statement is effective to perfect a security interest in collateral
acquired by the debtor before, or within four months after, the filed financing statement
becomes seriously misleading; and (2) The financing statement is not effective to perfect a security interest in collateral
acquired by the debtor more than four months after the filed financing statement becomes
seriously misleading, unless an amendment to the financing statement that renders
the financing statement not seriously misleading is filed within four months after
the financing statement became seriously misleading.
Frequently Asked Questions About Ohio § 1309.507
What does Ohio Revised Code § 1309.507 cover?
Section 1309.507 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 § 1309.507?
A common citation format is "Ohio Revised Code § 1309.507" (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 § 1309.507 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.