Ohio Code § 1303.58
Ohio Code § 1303.58. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1303.58.
(A) Except as provided in division (C) of this section, if the drawee of a draft pays
or accepts the draft and the drawee acted on the mistaken belief that payment of the
draft had not been stopped pursuant to section 1304.32 of the Revised Code , or that the signature of the drawer of the draft was authorized, the drawee may
recover the amount of the draft from the person to whom or for whose benefit payment
was made or, in the case of acceptance, may revoke the acceptance. The rights of the drawee under this division are not affected by a failure of the
drawee to exercise ordinary care in paying or accepting the draft. (B) Except as provided in division (C) of this section, if an instrument has been paid
or accepted by mistake and the case is not covered by division (A) of this section,
the person paying or accepting, to the extent permitted by the law governing mistake
and restitution, may recover the payment from the person to whom or for whose benefit
payment was made or, in the case of acceptance, may revoke the acceptance. (C) The remedies provided by division (A) or (B) of this section may not be asserted
against a person who took the instrument in good faith and for value or who in good
faith changed position in reliance on the payment or acceptance. This division does not limit remedies provided by section 1303.57 or 1304.36 of the Revised Code . (D) Notwithstanding section 1304.25 of the Revised Code , if an instrument is paid or accepted by mistake and the payor or acceptor recovers
payment or revokes acceptance under divisions (A) or (B) of this section, the instrument
is deemed not to have been paid or accepted and is treated as dishonored, and the
person from whom payment is recovered has rights as a person entitled to enforce the
dishonored instrument.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1303.58
- 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 § 1303.58?
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 § 1303.58 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 § 1303.58 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.