Ohio § 1317.16
Full text of Ohio Ohio Revised Code § 1317.16, with citation guidance and answers to common questions.
§ 1317.16.
(A) A secured party whose security interest is taken pursuant to section 1317.071 of the Revised Code may, after default, dispose of any or all of the collateral only as authorized by
this section. (B) Disposition of the collateral shall be by public sale only. Such sale may be as a unit or in parcels and the method, manner, time, place, and
terms thereof shall be commercially reasonable. At least ten days prior to sale the secured party shall send notification of the
time and place of such sale and of the minimum price for which such collateral will
be sold, together with a statement that the debtor may be held liable for any deficiency
resulting from such sale, by certified mail, return receipt requested, to the debtor
at the debtor's last address known to the secured party, and to any persons known
by the secured party to have an interest in the collateral. In addition, the secured party shall cause to be published, at least ten days prior
to the sale, a notice of such sale listing the items to be sold, in a newspaper of
general circulation in the county where the sale is to be held. (C) Except as modified by this section, sections 1309.610 , 1309.611 , 1309.615 , 1309.617 , and 1309.624 of the Revised Code govern disposition of collateral by the secured party.
Frequently Asked Questions About Ohio § 1317.16
What does Ohio Revised Code § 1317.16 cover?
Section 1317.16 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 § 1317.16?
A common citation format is "Ohio Revised Code § 1317.16" (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 § 1317.16 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.