Ohio Code § 1309.203

§ 1309.203.

(A) A security interest attaches to collateral when it becomes enforceable against the

debtor with respect to the collateral, unless an agreement expressly postpones the

time of attachment. (B) Except as otherwise provided in divisions (C) to (I) of this section, a security

interest is enforceable against the debtor and third parties with respect to the collateral

only if: (1) Value has been given; (2) The debtor has rights in the collateral or the power to transfer rights in the collateral

to a secured party;  and (3) One of the following conditions is met: (a) The debtor has authenticated a security agreement that provides a description of

the collateral and, if the security interest covers timber to be cut, a description

of the land concerned; (b) The collateral is not a certificated security and is in the possession of the secured

party under section 1309.313 of the Revised Code pursuant to the debtor's security agreement; (c) The collateral is a certificated security in registered form and the security certificate

has been delivered to the secured party under section 1308.27 of the Revised Code pursuant to the debtor's security agreement;  or (d) The collateral is deposit accounts, electronic chattel paper, investment property,

letter-of-credit rights, or electronic documents, and the secured party has control

under section 1307.106 , 1309.104 , 1309.105 , 1309.106 , or 1309.107 of the Revised Code pursuant to the debtor's security agreement. (C) Division (B) of this section is subject to section 1304.20 of the Revised Code on the security interest of a collecting bank, section 1305.18 of the Revised Code on the security interest of a letter-of-credit issuer or nominated person, section 1309.110 of the Revised Code on a security interest arising under Chapter 1302. or 1310. of the Revised Code,

and section 1309.206 of the Revised Code on security interests in investment property. (D) A person becomes bound as debtor by a security agreement entered into by another

person if, by operation of law other than this article or by contract: (1) The security agreement becomes effective to create a security interest in the person's

property;  or (2) The person becomes generally obligated for the obligations of the other person, including

the obligation secured under the security agreement, and acquires or succeeds to all

or substantially all of the assets of the other person. (E) If a new debtor becomes bound as debtor by a security agreement entered into by another

person: (1) The agreement satisfies division (B)(3) of this section with respect to existing

or after-acquired property of the new debtor to the extent the property is described

in the agreement;  and (2) Another agreement is not necessary to make a security interest in the property enforceable. (F) The attachment of a security interest in collateral gives the secured party the rights

to proceeds provided by section 1309.315 of the Revised Code and is also attachment of a security interest in a supporting obligation for the

collateral. (G) The attachment of a security interest in a right to payment or performance secured

by a security interest or other lien on personal or real property is also attachment

of a security interest in the security interest, mortgage, or other lien. (H) The attachment of a security interest in a securities account is also attachment

of a security interest in the security entitlements carried in the securities account. (I) The attachment of a security interest in a commodity account is also attachment of

a security interest in the commodity contracts carried in the commodity account.