Ohio § 1309.622
Full text of Ohio Ohio Revised Code § 1309.622, with citation guidance and answers to common questions.
§ 1309.622.
(A) A secured party's acceptance of collateral in full or partial satisfaction of the
obligation it secures: (1) Discharges the obligation to the extent consented to by the debtor; (2) Transfers to the secured party all of a debtor's rights in the collateral; (3) Discharges the security interest or agricultural lien that is the subject of the
debtor's consent and any subordinate security interest or other subordinate lien;
and (4) Terminates any other subordinate interest. (B) A subordinate interest is discharged or terminated under division (A) of this section
even if the secured party fails to comply with this chapter.
Frequently Asked Questions About Ohio § 1309.622
What does Ohio Revised Code § 1309.622 cover?
Section 1309.622 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 § 1309.622?
A common citation format is "Ohio Revised Code § 1309.622" (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 § 1309.622 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.