Ohio § 1309.617
Full text of Ohio Ohio Revised Code § 1309.617, with citation guidance and answers to common questions.
§ 1309.617.
(A) A secured party's disposition of collateral after default: (1) Transfers to a transferee for value all of the debtor's rights in the collateral; (2) Discharges the security interest under which the disposition is made; and (3) Discharges any subordinate security interest or other subordinate lien other than
the liens specified in division (D) of section 1309.109 of the Revised Code . (B) A transferee who acts in good faith takes free of the rights and interests described
in division (A) of this section, even if the secured party fails to comply with this
chapter or the requirements of any judicial proceeding. (C) If a transferee does not take free of the rights and interests described in division
(A) of this section, the transferee takes the collateral subject to: (1) The debtor's rights in the collateral; (2) The security interest or agricultural lien under which the disposition is made; and (3) Any other security interest or other lien.
Frequently Asked Questions About Ohio § 1309.617
What does Ohio Revised Code § 1309.617 cover?
Section 1309.617 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 § 1309.617?
A common citation format is "Ohio Revised Code § 1309.617" (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 § 1309.617 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.