Ohio Code § 1309.305
Ohio Code § 1309.305. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1309.305.
(A) Except as otherwise provided in division (C) of this section, the following rules
apply: (1) While a security certificate is located in a jurisdiction, the local law of that
jurisdiction governs perfection, the effect of perfection or nonperfection, and the
priority of a security interest in the certificated security represented thereby. (2) The local law of the issuer's jurisdiction as specified in division (D) of section 1308.05 of the Revised Code governs perfection, the effect of perfection or nonperfection, and the priority of
a security interest in an uncertificated security. (3) The local law of the securities intermediary's jurisdiction as specified in division (E) of section 1308.05 of the Revised Code governs perfection, the effect of perfection or nonperfection, and the priority of
a security interest in a security entitlement or securities account. (4) The local law of the commodity intermediary's jurisdiction governs perfection, the
effect of perfection or nonperfection, and the priority of a security interest in
a commodity contract or commodity account. (B) The following rules determine a commodity intermediary's jurisdiction for purposes
of sections 1309.301 to 1309.342 of the Revised Code : (1) If an agreement between the commodity intermediary and commodity customer governing
the commodity account expressly provides that a particular jurisdiction is the commodity
intermediary's jurisdiction for purposes of sections 1309.301 to 1309.342 of the Revised Code , this chapter, or Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309.,
and 1310. of the Revised Code, that jurisdiction is the commodity intermediary's jurisdiction. (2) If division (B)(1) of this section does not apply and an agreement between the commodity
intermediary and commodity customer governing the commodity account expressly provides
that the agreement is governed by the law of a particular jurisdiction, that jurisdiction
is the commodity intermediary's jurisdiction. (3) If neither division (B)(1) nor (2) of this section applies and an agreement between
the commodity intermediary and commodity customer governing the commodity account
expressly provides that the commodity account is maintained at an office in a particular
jurisdiction, that jurisdiction is the commodity intermediary's jurisdiction. (4) If neither division (B)(1), (2), nor (3) of this section applies, the commodity intermediary's
jurisdiction is the jurisdiction in which the office identified in an account statement
as the office serving the commodity customer's account is located. (5) If neither division (B)(1), (2), (3), nor (4) of this section applies, the commodity
intermediary's jurisdiction is the jurisdiction in which the chief executive office
of the commodity intermediary is located. (C) The local law of the jurisdiction in which the debtor is located governs: (1) Perfection of a security interest in investment property by filing; (2) Automatic perfection of a security interest in investment property created by a broker
or securities intermediary; and (3) Automatic perfection of a security interest in a commodity contract or commodity
account created by a commodity intermediary.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1309.305
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Common questions
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What subject does Ohio Revised Code § 1309.305 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.
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