Ohio Code § 1304.85

§ 1304.85.

(A) All of the following apply unless the affected parties otherwise agree or division

(C) of this section applies: (1) The rights and obligations between the sender of a payment order and the receiving

bank are governed by the law of the jurisdiction in which the receiving bank is located. (2) The rights and obligations between the beneficiary's bank and the beneficiary are

governed by the law of the jurisdiction in which the beneficiary's bank is located. (3) The issue of when payment is made pursuant to a funds transfer by the originator

to the beneficiary is governed by the law of the jurisdiction in which the beneficiary's

bank is located. (B) If the parties described in division (A) of this section have made an agreement selecting

the law of a particular jurisdiction to govern rights and obligations between each

other, the law of that jurisdiction governs those rights and obligations, whether

or not the payment order or the funds transfer bears a reasonable relation to that

jurisdiction. (C)(1) A funds-transfer system rule may select the law of a particular jurisdiction to govern

either of the following: (a) The rights and obligations between participating banks regarding payment orders transmitted

or processed through the system; (b) The rights and obligations of some or all parties to a funds transfer any part of

which is carried out by means of the system. (2) A choice of law made pursuant to division (C)(1)(a) of this section is binding on

participating banks.  A choice of law made pursuant to division (C)(1)(b) of this section is binding on

the originator, other sender, or a receiving bank having notice that the funds-transfer

system might be used in the funds transfer and of the choice of law by the system

when the originator, other sender, or receiving bank issued or accepted a payment

order.  The beneficiary of a funds transfer is bound by the choice of law if, when the funds

transfer is initiated, the beneficiary has notice that the funds-transfer system might

be used in the funds transfer and of the choice of law by the system.  The law of a jurisdiction selected pursuant to division (C)(1) of this section may

govern, whether or not that law bears a reasonable relation to the matter in issue. (D) In the event of inconsistency between an agreement under division (B) of this section

and a choice-of-law rule under division (C) of this section, the agreement under division

(B) of this section prevails. (E) If a funds transfer is made by use of more than one funds-transfer system and there

is inconsistency between choice-of-law rules of the systems, the matter in issue is

governed by the law of the selected jurisdiction that has the most significant relationship

to the matter in issue.