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Ohio Revised Code Title XIII. Commercial Transactions § 1309.704

Current as of January 01, 2024 | Updated by FindLaw Staff

A security interest that is enforceable immediately before July 1, 2001, but that would be subordinate to the rights of a person that becomes a lien creditor at that time:

(A) Remains an enforceable security interest until July 1, 2002;

(B) Remains enforceable after July 1, 2002, if the security interest becomes enforceable under section 1309.203 of the Revised Code on July 1, 2001, or by July 1, 2002; and

(C) Becomes perfected:

(1) Without further action on July 1, 2001, if the applicable requirements for perfection under this chapter are satisfied before or on that date; or

(2) When the applicable requirements for perfection are satisfied if the requirements are satisfied after July 1, 2001.

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Cite this article: FindLaw.com - Ohio Revised Code Title XIII. Commercial Transactions § 1309.704 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-xiii-commercial-transactions/oh-rev-code-sect-1309-704/

Read this complete Ohio Revised Code Title XIII. Commercial Transactions § 1309.704 on Westlaw. Westlaw subscription required.

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