Ohio Code § 1303.49
Ohio Code § 1303.49. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1303.49.
(A) A person whose failure to exercise ordinary care substantially contributes to an
alteration of an instrument or to the making of a forged signature on an instrument
is precluded from asserting the alteration or the forgery against a person who, in
good faith, pays the instrument or takes it for value or for collection. (B) Under division (A) of this section, if the person asserting the preclusion fails
to exercise ordinary care in paying or taking the instrument and that failure substantially
contributes to loss, the loss is allocated between the person precluded under division
(A) of this section from asserting an alteration or forgery and the person asserting
the preclusion according to the extent to which the failure of each to exercise ordinary
care contributed to the loss. (C) Under division (A) of this section, the burden of proving that a failure to exercise
ordinary care contributed to an alteration of an instrument or to the making of a
forged signature on an instrument is on the person asserting the preclusion. Under division (B) of this section, the burden of proving that a failure to exercise
ordinary care in paying or taking an instrument substantially contributed to loss
is on the person precluded.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1303.49
- 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 § 1303.49?
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 § 1303.49 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 § 1303.49 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Statutes are amended, repealed, and renumbered every session.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.