Ohio Code § 1308.59
Ohio Code § 1308.59. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1308.59.
(A) If the substance of a duty imposed upon a securities intermediary by sections 1308.54 to 1308.58 of the Revised Code is the subject of other statute, regulation, or rule, compliance with that statute,
regulation, or rule satisfies the duty. (B) To the extent that specific standards for the performance of the duties of a securities
intermediary or the exercise of the rights of an entitlement holder are not specified
by other statute, regulation, or rule or by agreement between the securities intermediary
and entitlement holder, the securities intermediary shall perform its duties and the
entitlement holder shall exercise its rights in a commercially reasonable manner. (C) The obligation of a securities intermediary to perform the duties imposed by sections 1308.54 to 1308.58 of the Revised Code is subject to: (1) Rights of the securities intermediary arising out of a security interest under a
security agreement with the entitlement holder or otherwise; and (2) Rights of the securities intermediary under other law, regulation, rule, or agreement
to withhold performance of its duties as a result of unfulfilled obligations of the
entitlement holder to the securities intermediary. (D) Sections 1308.54 to 1308.58 of the Revised Code do not require a securities intermediary to take any action that is prohibited by
other statute, regulation, or rule.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1308.59
- 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 § 1308.59?
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 § 1308.59 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 § 1308.59 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.
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