Ohio Code § 1336.03
Ohio Code § 1336.03. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1336.03.
(A) Value is given for a transfer or an obligation if, in exchange for the transfer or
obligation, property is transferred or an antecedent debt is secured or satisfied,
but value does not include an unperformed promise made otherwise than in the ordinary
course of the business of the promisor to furnish support to the debtor or another
person. (B) For the purposes of division (A)(2) of section 1336.04 and division (A) of section 1336.05 of the Revised Code , a person gives a reasonably equivalent value if the person acquires an interest
of the debtor in an asset pursuant to a regularly conducted, noncollusive foreclosure
sale or execution of power of sale for the acquisition or disposition of the interest
of the debtor upon default under a mortgage, deed of trust, or security agreement. (C) A transfer is made for present value if the exchange between the debtor and the transferee
is intended by them to be contemporaneous and in fact is substantially contemporaneous.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1336.03
- 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 § 1336.03?
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 § 1336.03 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 § 1336.03 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Statutes are amended, repealed, and renumbered every session.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.