Ohio Code § 1303.53
Ohio Code § 1303.53. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1303.53.
(A) The acceptor of a draft is obliged to pay the draft in accordance with one of the
following: (1) According to its terms at the time it was accepted, even though the acceptance states
that the draft is payable “as originally drawn” or equivalent terms; (2) If the acceptance varies the terms of the draft, according to the terms of the draft
as varied; (3) If the acceptance is of a draft that is an incomplete instrument, according to its
terms when completed, to the extent required by sections 1303.11 and 1303.50 of the Revised Code . The obligation is owed to a person entitled to enforce the draft or to the drawer
or an indorser who paid the draft pursuant to section 1303.54 or 1303.55 of the Revised Code . (B) If the certification of a check or other acceptance of a draft states the amount
certified or accepted, the obligation of the acceptor is that amount. The obligation of the acceptor is the amount of the instrument at the time it was
taken by the holder in due course if all of the following apply: (1) The certification or acceptance does not state an amount. (2) The amount of the instrument is subsequently raised. (3) After the amount of the instrument is subsequently raised, the instrument is negotiated
to a holder in due course.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1303.53
- 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 § 1303.53?
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 § 1303.53 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 § 1303.53 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Statutes are amended, repealed, and renumbered every session.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.