Ohio Code § 1309.321
Ohio Code § 1309.321. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1309.321.
(A) As used in this section, “ licensee in the ordinary course of business ” means a person that becomes a licensee of a general intangible in good faith, without
knowledge that the license violates the rights of another person in the general intangible,
and in the ordinary course of business from a person in the business of licensing
general intangibles of that kind. A person becomes a licensee in the ordinary course of business if the license to
the person comports with the usual or customary practices in the kind of business
in which the licensor is engaged or with the licensor's own usual or customary practices. (B) A licensee in the ordinary course of business takes its rights under a nonexclusive
license free of a security interest in the general intangible created by the licensor,
even if the security interest is perfected and the licensee knows of its existence. (C) A lessee in ordinary course of business takes its leasehold interest free of a security
interest in the goods created by the lessor, even if the security interest is perfected
and the lessee knows of its existence.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1309.321
- 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 § 1309.321?
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 § 1309.321 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 § 1309.321 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Statutes are amended, repealed, and renumbered every session.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.