(A)(1) A moldbuilder has a lien on all molds produced by it and on all proceeds from
the assignment, sale, transfer, exchange, or other disposition of the molds produced
by it until the moldbuilder is paid in full all amounts due the moldbuilder for the
production of the mold or these proceeds. The lien described in this division attaches when the mold is delivered from the
moldbuilder to the customer.
(2) The amount of the lien described in division (A)(1) of this section is the amount
that a customer or molder owes the moldbuilder for the fabrication, repair, or modification
of the mold.
(3) The moldbuilder retains the lien described in division (A)(1) of this section
even if the moldbuilder is not in possession of the mold for which the lien is claimed.
(B) A moldbuilder perfects a lien described in division (A) of this section by filing
a financing statement in accordance with the requirements of section 1309.502 of the Revised Code, which filing constitutes constructive notice of the lien described in division (A)
of this section.
(C) The perfected lien described in division (B) of this section remains valid until
all of the following occur:
(1) The moldbuilder receives the full amount due it for the mold.
(2) The customer receives a verified statement from the molder that the molder has
paid the amount for which the lien is claimed.
(3) The financing statement is terminated.
(D) The priority of a perfected lien described in division (B) of this section on
the same mold shall be determined based on the time that the lien attaches. The first lien that attaches pursuant to division (A)(1) of this section has priority
over liens that attach subsequent to the first lien.
(E)(1) Any provision of a contract that waives a moldbuilder's right or an obligation
of a person established by sections 1333.32 to 1333.34 of the Revised Code is void and unenforceable as against public policy. Division (E)(1) of this section does not affect the validity of other provisions
of the contract or of a related document, policy, or agreement that can be given effect
without the voided provision.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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