Ohio Code § 1309.329
Ohio Code § 1309.329. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1309.329.
The following govern priority among conflicting security interests in the same letter-of-credit
right: (A) A security interest held by a secured party having control of the letter-of-credit
right under section 1309.107 of the Revised Code has priority to the extent of its control over a conflicting security interest held
by a secured party that does not have control. (B) Security interests perfected by control under section 1309.314 of the Revised Code rank according to priority in time of obtaining control.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1309.329
- 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 § 1309.329?
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 § 1309.329 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 § 1309.329 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Statutes are amended, repealed, and renumbered every session.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.