Ohio Code § 1302.49
Ohio Code § 1302.49. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1302.49.
(A) Where the seller has identified goods to the contract by or before shipment: (1) the seller's procurement of a negotiable bill of lading to the seller's own order
or otherwise reserves in the seller a security interest in the goods. The seller's procurement of the bill to the order of a financing agency or of the
buyer indicates in addition only the seller's expectation of transferring that interest
to the person named. (2) a non-negotiable bill of lading to the seller's own self or the seller's nominee
reserves possession of the goods as security but except in a case of conditional delivery
as provided in section 1302.51 of the Revised Code , a non-negotiable bill of lading naming the buyer as consignee reserves no security
interest even though the seller retains possession or control of the bill of lading. (B) When shipment by the seller with reservation of a security interest is in violation
of the contract for sale it constitutes an improper contract for transportation within section 1302.48 of the Revised Code but impairs neither the rights given to the buyer by shipment and identification
of the goods to the contract nor the seller's powers as a holder of a negotiable document
of title.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1302.49
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1302.49?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1302.49 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1302.49 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.