Ohio Code § 1309.206
Ohio Code § 1309.206. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1309.206.
(A) A security interest in favor of a securities intermediary attaches to a person's
security entitlement if: (1) The person buys a financial asset through a securities intermediary in a transaction
in which the person is obligated to pay the purchase price to the securities intermediary
at the time of the purchase; and (2) The securities intermediary credits the financial asset to the buyer's securities
account before the buyer pays the securities intermediary. (B) The security interest described in division (A) of this section secures the person's
obligation to pay for the financial asset. (C) A security interest in favor of a person that delivers a certificated security or
other financial asset represented by a writing attaches to the security or other financial
asset if: (1) The security or other financial asset: (a) In the ordinary course of business is transferred by delivery with any necessary
indorsement or assignment; and (b) Is delivered under an agreement between persons in the business of dealing with such
securities or financial assets; and (2) The agreement calls for delivery against payment. (D) The security interest described in division (C) of this section secures the obligation
to make payment for the delivery.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1309.206
- 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 § 1309.206?
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 § 1309.206 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 § 1309.206 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Statutes are amended, repealed, and renumbered every session.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.