Ohio Code § 1310.25
Ohio Code § 1310.25. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1310.25.
(A) A lessee obtains an insurable interest when existing goods are identified to the
lease contract, even though the goods identified are nonconforming, and the lessee
has an option to reject them. (B) If a lessee has an insurable interest only by reason of the lessor's identification
of the goods, the lessor, until default or insolvency or notification to the lessee
that identification is final, may substitute other goods for those identified. (C) Notwithstanding a lessee's insurable interest under divisions (A) and (B) of this
section, the lessor retains an insurable interest until an option to buy has been
exercised by the lessee and risk of loss has passed to the lessee. (D) Nothing in this section impairs any insurable interest recognized under any other
section of the Revised Code, statute, or rule of law. (E) The parties may determine by agreement that one or more parties have an obligation
to obtain and pay for insurance covering the goods and may determine by agreement
the beneficiary of the proceeds of the insurance.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1310.25
- 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 § 1310.25?
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 § 1310.25 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 § 1310.25 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Statutes are amended, repealed, and renumbered every session.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.