Ohio § 1310.36

§ 1310.36.

(A) A creditor of a lessor in possession of goods subject to a lease contract may treat

the lease contract as void if as against the creditor retention of possession by the

lessor is fraudulent under any section of the Revised Code, any statute of another

jurisdiction, or any rule of law, but retention of possession in good faith and current

course of trade by the lessor for a commercially reasonable time after the lease contract

becomes enforceable is not fraudulent. (B) Nothing in sections 1310.01 to 1310.78 of the Revised Code impairs the rights of creditors of a lessor if the lease contract becomes enforceable,

not in current course of trade but in satisfaction of or as security for a preexisting

claim for money, security, or the like, and is made under circumstances that under

any section of the Revised Code, statute of another jurisdiction, or rule of law apart

from sections 1310.01 to 1310.78 of the Revised Code would constitute the transaction a fraudulent transfer or voidable preference. (C) A creditor of a seller may treat a sale or an identification of goods to a contract

for sale as void if as against the creditor retention of possession by the seller

is fraudulent under any section of the Revised Code, statute of another jurisdiction,

or rule of law, but retention of possession of the goods pursuant to a lease contract

entered into by the seller as lessee and the buyer as lessor in connection with the

sale or identification of the goods is not fraudulent if the buyer bought for value

and in good faith.