Ohio Code § 1308.61
Ohio Code § 1308.61. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1308.61.
(A) Except as otherwise provided in divisions (B) and (C) of this section, if a securities
intermediary does not have sufficient interests in a particular financial asset to
satisfy both its obligations to entitlement holders who have security entitlements
to that financial asset and its obligation to a creditor of the securities intermediary
who has a security interest in that financial asset, the claims of entitlement holders,
other than the creditor, have priority over the claim of the creditor. (B) A claim of a creditor of a securities intermediary who has a security interest in
a financial asset held by a securities intermediary has priority over claims of the
securities intermediary's entitlement holders who have security entitlements with
respect to that financial asset if the creditor has control over the financial asset. (C) If a clearing corporation does not have sufficient financial assets to satisfy both
its obligations to entitlement holders who have security entitlements with respect
to a financial asset and its obligation to a creditor of the clearing corporation
who has a security interest in that financial asset, the claim of the creditor has
priority over the claims of entitlement holders.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1308.61
- 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 § 1308.61?
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 § 1308.61 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 § 1308.61 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Statutes are amended, repealed, and renumbered every session.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.