LAW
Writer®
Ohio Laws and Rules
(A) “Amendment” means a UCC record that purports to amends the information contained in a financing statement. Amendments include assignments, continuations and terminations.
(B) “Assignment” is an amendment that assigns all or a part of a secured party’s power to authorize an amendment to a financing statement.
(C) “Continuation statement” shall have the meaning prescribed by section 1309.102(27) of the Revised Code.
(D) “Correction statement” means a UCC record that indicates that a financing statement is inaccurate or wrongfully filed.
(E) “File number” shall have the meaning prescribed by section 1309.519(B) of the Revised Code.
(F) “Filing office” and “filing officer” mean the office of the Ohio secretary of state.
(G) “Filing officer statement” means a statement entered into the filing office’s information system to correct an error by the filing office.
(H) “Financing statement” shall have the meaning prescribed by section 1309.102(39) of the Revised Code.
(I) “Individual” means a human being, or a decedent in the case of a debtor that is such decedent’s estate.
(J) “Initial financing statement” means a UCC record that does not identify itself as an amendment or identify an initial financing statement to which it relates, as required by section 1309.512, 1309.514 or 1309.518 of the Revised Code.
(K) “Organization” means a legal person who is not an individual.
(L) “Remitter” means a person who tenders a UCC record to the filing officer for filing, whether the person is a filer or an agent of a filer responsible for tendering the record for filing. “Remitter” does not include a person responsible merely for the delivery of the record to the filing office, such as the postal service or a courier service but does include a service provider who acts as a filer’s representative in the filing process.
(M) “Secured party of record” shall have the meaning prescribed in section 1309.511 of the Revised Code.
(N) “Termination statement” shall have the meaning prescribed by section 1309.102(79) of the Revised Code.
(O) “UCC” means the Uniform Commercial Code as adopted in this state.
(P) “UCC record” means an initial financing statement, an amendment, an assignment, a continuation, a termination or a correction statement and shall not be deemed to refer exclusively to paper or paper-based writings.
HISTORY: Eff 7-3-01 (Emer.); 9-20-01
Rule promulgated under: RC 119.03
Rule authorized by: RC 1309.526
Rule amplifies: RC 1309.102, 1309.511, 1309.512, 1309.518, 1309.519
RC 119.032 Review Dates: 9/20/06