Ohio Code § 1309.334
Ohio Code § 1309.334. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1309.334.
(A) A security interest under this chapter may be created in goods that are fixtures
or may continue in goods that become fixtures. A security interest does not exist under this chapter in ordinary building materials
incorporated into an improvement on land. (B) This chapter does not prevent creation of an encumbrance upon fixtures pursuant to
real property law. (C) In cases not governed by divisions (D) to (H) of this section, a security interest
in fixtures is subordinate to a conflicting interest of an encumbrancer or owner of
the related real property other than the debtor. (D) Except as otherwise provided in division (H) of this section, a perfected security
interest in fixtures has priority over a conflicting interest of an encumbrancer or
owner of the real property if the debtor has an interest of record in or is in possession
of the real property and: (1) The security interest is a purchase money security interest; (2) The interest of the encumbrancer or owner arises before the goods become fixtures;
and (3) The security interest is perfected by a fixture filing before the goods become fixtures
or within twenty days thereafter. (E) A perfected security interest in fixtures has priority over a conflicting interest
of an encumbrancer or owner of the real property if: (1) The debtor has an interest of record in the real property or is in possession of
the real property, and the security interest: (a) Is perfected by a fixture filing before the interest of the encumbrancer or owner
is of record; and (b) Has priority over any conflicting interest of a predecessor in title of the encumbrancer
or owner; (2) Before the goods became fixtures, the security interest is perfected by any method
permitted by this chapter, and the fixtures are readily removable: (a) Factory or office machines; (b) Equipment that is not primarily used or leased for use in the operation of the real
property; or (c) Replacements of domestic appliances that are consumer goods; (3) The conflicting interest is a lien on the real property obtained by legal or equitable
proceedings after the security interest was perfected by any method permitted by this
chapter; or (4) The security interest is: (a) Created in a manufactured home in a manufactured home transaction; and (b) Perfected pursuant to a section listed in division (A)(2) of section 1309.311 of the Revised Code . (F) A security interest in fixtures, whether or not perfected, has priority over the
conflicting interest of an encumbrancer or owner of the real property if: (1) The encumbrancer or owner has, in an authenticated record, consented to the security
interest or disclaimed an interest in the goods as fixtures; or (2) The debtor has a right to remove the goods as against the encumbrancer or owner. (G) The priority of the security interest under division (F)(2) of this section continues
for a reasonable time if the debtor's right to remove the goods as against the encumbrancer
or owner terminates. (H) A mortgage is a construction mortgage to the extent that it secures an obligation
incurred for the construction of an improvement on land, including the acquisition
cost of the land, if a recorded record of the mortgage so indicates. Except as otherwise provided in divisions (E) and (F) of this section, a security
interest in fixtures is subordinate to a construction mortgage if a record of the
mortgage is recorded before the goods become fixtures and the goods become fixtures
before the completion of the construction. A mortgage has this priority to the same extent as a construction mortgage to the
extent that it is given to refinance a construction mortgage. (I) A perfected security interest in crops growing on real property has priority over
a conflicting interest of an encumbrancer or owner of the real property if the debtor
has an interest of record in or is in possession of the real property. (J) Division (I) of this section prevails over any inconsistent statutes not specifically
enumerated under division (D)(2) of section 1309.109 of the Revised Code and applicable by their terms.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1309.334
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Common questions
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