Ohio Code § 1309.320
Ohio Code § 1309.320. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1309.320.
(A) Except as otherwise provided in division (E) of this section, a buyer in the ordinary
course of business, other than a person buying farm products from a person engaged
in farming operations, takes free of a security interest created by the buyer's seller
even if the security interest is perfected and the buyer knows of its existence. (B) Except as otherwise provided in division (E) of this section, a buyer of goods from
a person who used or bought the goods for use primarily for personal, family, or household
purposes takes free of a security interest, even if perfected, if the buyer buys: (1) Without knowledge of the security interest; (2) For value; (3) Primarily for the buyer's personal, family, or household purposes; and (4) Before the filing of a financing statement covering the goods. (C) To the extent that it affects the priority of a security interest over a buyer of
goods under division (B) of this section, the period of effectiveness of a filing
made in the jurisdiction in which the seller is located is governed by divisions (A) and (B) of section 1309.316 of the Revised Code . (D) A buyer in the ordinary course of business buying oil, gas, or other minerals at
the wellhead or minehead or after extraction takes free of an interest arising out
of an encumbrance. (E) Divisions (A) and (B) of this section do not affect a security interest in goods
in the possession of the secured party under section 1309.313 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1309.320
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
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Common questions
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