Ohio Code § 1309.509
Ohio Code § 1309.509. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1309.509.
(A) A person may file an initial financing statement, amendment that adds collateral
covered by a financing statement, or amendment that adds a debtor to a financing statement
only if: (1) The debtor authorizes the filing in an authenticated record or pursuant to division
(B) or (C) of this section; or (2) The person holds an agricultural lien that has become effective at the time of filing,
and the financing statement covers only collateral in which the person holds an agricultural
lien. (B) By authenticating or becoming bound as debtor by a security agreement, a debtor or
new debtor authorizes the filing of an initial financing statement, and an amendment,
covering: (1) The collateral described in the security agreement; and (2) Property that becomes collateral under division (A)(2) of section 1309.315 of the Revised Code , whether or not the security agreement expressly covers proceeds. (C) By acquiring collateral in which a security interest or agricultural lien continues
under division (A)(1) of section 1309.315 of the Revised Code , a debtor authorizes the filing of an initial financing statement, and an amendment,
covering the collateral and property that becomes collateral under division (A)(2) of section 1309.315 of the Revised Code . (D) A person may file an amendment other than an amendment that adds collateral covered
by a financing statement or an amendment that adds a debtor to a financing statement
only if: (1) The secured party of record authorizes the filing; or (2) The amendment is a termination statement for a financing statement as to which the
secured party of record has failed to file or send a termination statement as required
by division (A) or (C) of section 1309.513 of the Revised Code , the debtor authorizes the filing, and the termination statement indicates that the
debtor authorized it to be filed. (E) If there is more than one secured party of record for a financing statement, each
secured party of record may authorize the filing of an amendment under division (D)
of this section.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1309.509
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Common questions
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