Ohio Code § 1308.33
Ohio Code § 1308.33. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1308.33.
(A) A securities intermediary that has transferred a financial asset pursuant to an effective
entitlement order, or a broker or other agent or bailee that has dealt with a financial
asset at the direction of its customer or principal, is not liable to a person having
an adverse claim to the financial asset, unless the securities intermediary, or broker
or other agent or bailee: (1) Took the action after it had been served with an injunction, restraining order, or
other legal process enjoining it from doing so, issued by a court of competent jurisdiction,
and had a reasonable opportunity to act on the injunction, restraining order, or other
legal process; or (2) Acted in collusion with the wrongdoer in violating the rights of the adverse claimant;
or (3) In the case of a security certificate that has been stolen, acted with notice of
the adverse claim. (B) A securities intermediary that receives a financial asset and establishes a security
entitlement to the financial asset in favor of an entitlement holder is a purchaser
for value of the financial asset. A securities intermediary that acquires a security entitlement to a financial asset
from another securities intermediary acquires the security entitlement for value if
the securities intermediary acquiring the security entitlement establishes a security
entitlement to the financial asset in favor of an entitlement holder.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1308.33
- 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 § 1308.33?
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 § 1308.33 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 § 1308.33 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.