Ohio Code § 1109.75
Ohio Code § 1109.75. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1109.75.
(A) Notwithstanding any other provision of law, to the extent set forth in the transaction
documents relating to a securitization: (1) Any property, assets, or rights purported to be transferred, in whole or in part,
in a securitization shall be deemed to no longer be the property, assets, or rights
of the transferor. (2) A transferor in a securitization, the transferor's creditors, or a bankruptcy trustee,
receiver, or similar person in an insolvency proceeding involving the transferor shall
have no rights whatsoever to reacquire, reclaim, recover, redeem, or recharacterize
as property of the transferor any property, assets, or rights purported to be transferred,
in whole or in part, by the transferor. (3) In the event of the transferor's bankruptcy, receivership, or other insolvency proceedings,
the property, assets, or rights purported to have been transferred by the transferor,
in whole or in part, in a securitization shall not be deemed to be part of the transferor's
property, assets, rights, or estate. (B) Nothing contained in this section shall be deemed to require any securitization transaction
to be treated as a sale for federal or state tax purposes or to preclude the treatment
of any securitization transaction as a debt for federal or state tax purposes. (C) As used in this section, “ securitization ” means a transfer of financial assets by a financial institution insured by the federal
deposit insurance corporation (FDIC) to a special purpose entity established to issue
securities supported by the financial assets to investors.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1109.75
- 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 § 1109.75?
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 § 1109.75 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 § 1109.75 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.