Ohio Code § 1309.627
Ohio Code § 1309.627. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1309.627.
(A) The fact that a greater amount could have been obtained by a collection, enforcement,
disposition, or acceptance at a different time or in a different method from that
selected by the secured party is not of itself sufficient to preclude the secured
party from establishing that the collection, enforcement, disposition, or acceptance
was made in a commercially reasonable manner. (B) A disposition of collateral is made in a commercially reasonable manner if the disposition
is made: (1) In the usual manner on any recognized market; (2) At the price current in any recognized market at the time of the disposition; or (3) Otherwise in conformity with reasonable commercial practices among dealers in the
type of property that was the subject of the disposition. (C) A collection, enforcement, disposition, or acceptance is commercially reasonable
if it has been approved: (1) In a judicial proceeding; (2) By a bona fide creditors' committee; (3) By a representative of creditors; or (4) By an assignee for the benefit of creditors. (D) Approval under division (C) of this section does not have to be obtained, and lack
of approval does not mean that the collection, enforcement, disposition, or acceptance
is not commercially reasonable.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1309.627
- 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 § 1309.627?
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 § 1309.627 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 § 1309.627 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Statutes are amended, repealed, and renumbered every session.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.
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