Ohio Code § 1303.33
Ohio Code § 1303.33. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1303.33.
(A) An instrument is issued or transferred for value if any of the following apply: (1) The instrument is issued or transferred for a promise of performance, to the extent
the promise has been performed. (2) The transferee acquires a security interest or other lien in the instrument other
than a lien obtained by judicial proceeding. (3) The instrument is issued or transferred as payment of, or as security for, an antecedent
claim against any person, whether or not the claim is due. (4) The instrument is issued or transferred in exchange for a negotiable instrument. (5) The instrument is issued or transferred in exchange for the incurring of an irrevocable
obligation to a third party by the person taking the instrument. (B) “ Consideration ” means any consideration sufficient to support a simple contract. The drawer or maker of an instrument has a defense if the instrument is issued without
consideration. If an instrument is issued for a promise of performance, the issuer has a defense
to the extent performance of the promise is due and the promise has not been performed. If an instrument is issued for value as stated in division (A) of this section,
the instrument is also issued for consideration.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1303.33
- 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 § 1303.33?
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 § 1303.33 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 § 1303.33 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Statutes are amended, repealed, and renumbered every session.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.