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Section 1316.101 | Title - UCC A-101.
Effective:
October 6, 2026
Latest Legislation:
House Bill 195 - 136th General Assembly
Title [UCC A-101] This chapter may be cited as "transitional provisions for Uniform Commercial Code amendments (2022)." Last updated September 4, 2026 at 10:06 AM |
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Section 1316.102 | Definitions - UCC A-102.
Effective:
October 6, 2026
Latest Legislation:
House Bill 195 - 136th General Assembly
Definitions [A-102] (A) As used in this chapter: (1) "Adjustment date" means July 1, 2025, or the date that is one year after the effective date of this section, whichever is later. (2) "Article 12" means Chapter 1314. of the Revised Code. (3) "Article 12 property" means a controllable account, controllable electronic record, or controllable payment intangible. (4) "Uniform Commercial Code" means Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., 1310., and 1314. of the Revised Code. (B) The following definitions in other chapters of the Revised Code apply to this chapter: (1) "Controllable account," has the same meaning as in section 1309.102 of the Revised Code; (2) "Controllable electronic record," has the same meaning as in section 1314.102 of the Revised Code; (3) "Controllable payment intangible" has the same meaning as in section 1309.102 of the Revised Code; (4) "Electronic money" has the same meaning as in section 1309.102 of the Revised Code; (5) "Financing statement" has the same meaning as in section 1309.102 of the Revised Code. (C) Chapter 1301. of the Revised Code contains general definitions and principles of construction and interpretation applicable throughout this chapter. Last updated September 4, 2026 at 10:07 AM |
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Section 1316.201 | Saving clause - UCC A-201.
Effective:
October 6, 2026
Latest Legislation:
House Bill 195 - 136th General Assembly
Except as provided in sections 1316.301 to 1316.306 of the Revised Code, a transaction validly entered into before the effective date of this section and the rights, duties, and interests following from the transaction remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by law other than the Uniform Commercial Code or, if applicable, the Uniform Commercial Code as it existed before the effective date of this section. Last updated September 4, 2026 at 10:08 AM |
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Section 1316.301 | Saving clause - UCC A-301.
Effective:
October 6, 2026
Latest Legislation:
House Bill 195 - 136th General Assembly
Saving clause [UCC A-301] (A) Except as provided in sections 1316.301 to 1316.306 of the Revised Code, the version of Chapter 1309. of the Revised Code that applies on the effective date of this section, and Article 12 apply to a transaction, lien, or other interest in property, even if the transaction lien, or interest was entered into, created, or acquired before the effective date of this section. (B) Except as provided in division (C) of this section and sections 1316.302 to 1316.306 of the Revised Code: (1) A transaction, lien, or interest in property that was validly entered into, created, or transferred before the effective date of this section and was not governed by the Uniform Commercial Code, but would be subject to Chapter 1309. of the Revised Code or Article 12 if it had been entered into, created, or transferred on or after the effective date of this section, including the rights, duties, and interests flowing from the transaction, lien, or interest, remains valid on and after the effective date of this section ; and (2) The transaction, lien, or interest may be terminated, completed, consummated, and enforced as required or permitted by the Uniform Commercial Code, as it exists on the effective date of this section, or by the law that applied before that date. (C) The amendments to the Uniform Commercial Code that apply on the effective date of this section do not affect an action, case, or other proceeding commenced before the effective date of this section. Last updated September 4, 2026 at 10:09 AM |
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Section 1316.302 | Security interest perfected before effective date - UCC A-302.
Effective:
October 6, 2026
Latest Legislation:
House Bill 195 - 136th General Assembly
Security interest perfected before effective date [UCC A-302] (A) A security interest that is enforceable and perfected immediately before the effective date of this section is a perfected security interest under the Uniform Commercial Code, as it exists on the effective date of this section, if the requirements for enforceability and perfection under the Uniform Commercial Code, as it exists on the effective date of this section, are satisfied without further action. (B) If a security interest is enforceable and perfected immediately before the effective date of this section, but the requirements for enforceability or perfection under the Uniform Commercial Code, as it exists on the effective date of this section, are not satisfied on the effective date of this section, the security interest: (1) Is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before the effective date of this section or the adjustment date; (2) Remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under section 1309.203 of the Revised Code, as it exists on the effective date of this section, before the adjustment date; and (3) Remains perfected thereafter only if the requirements for perfection under the Uniform Commercial Code, as it exists on the effective date of this section, are satisfied before the time specified in division (B)(1) of this section. Last updated September 4, 2026 at 10:10 AM |
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Section 1316.303 | Security interest unperfected before effective date - UCC A-303.
Effective:
October 6, 2026
Latest Legislation:
House Bill 195 - 136th General Assembly
Security interest unperfected before effective date [UCC A-303] A security interest that is enforceable immediately before the effective date of this section but is unperfected at that time: (A) Remains an enforceable security interest until the adjustment date; (B) Remains enforceable thereafter if the security interest becomes enforceable under section 1309.203 of the Revised Code, as amended by this act, on the effective date of this section or before the adjustment date; and (C) Becomes perfected: (1) Without further action, on the effective date of this section if the requirements for perfection the Uniform Commercial Code, as it exists on the effective date of this section, are satisfied before or at that time; or (2) When the requirements for perfection are satisfied if the requirements are satisfied after that time. Last updated September 4, 2026 at 10:10 AM |
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Section 1316.304 | Effectiveness of actions taken before effective date - UCC A-304.
Effective:
October 6, 2026
Latest Legislation:
House Bill 195 - 136th General Assembly
Effectiveness of actions taken before effective date [UCC A-304] (A) If action, other than the filing of a financing statement, is taken before the effective date of this section and the action would have resulted in perfection of the security interest had the security interest become enforceable before the effective date of this section, the action is effective to perfect a security interest that attaches under the Uniform Commercial Code, as it exists on the effective date of this section, before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under the Uniform Commercial Code, as it exists on the effective date of this section, before the adjustment date. (B) The filing of a financing statement before the effective date of this section is effective to perfect a security interest on the effective date of this section to the extent that the filing would satisfy the requirements for perfection under the Uniform Commercial Code, as it exists on the effective date of this section. (C) The taking of an action before the effective date of this section is sufficient for the enforceability of a security interest on the effective date of this section if the action would satisfy the requirements for enforceability under the Uniform Commercial Code, as it exists on the effective date of this section. Last updated September 4, 2026 at 10:11 AM |
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Section 1316.305 | Priority - UCC A-305.
Effective:
October 6, 2026
Latest Legislation:
House Bill 195 - 136th General Assembly
Priority [UCC A-305] (A) Subject to divisions (B) and (C) of this section, the Uniform Commercial Code, as it exists on the effective date of this section, determines the priority of conflicting claims to collateral. (B) Subject to division (C) of this section, if the priorities of claims to collateral were established before the effective date of this section, Chapter 1309. of the Revised Code, as it existed before the effective date of this section, determines priority. (C) On the adjustment date, to the extent the priorities determined by Chapter 1309. of the Revised Code, as it exists on the effective date of this section, modify the priorities established before the effective date of this section, priorities of claims to Article 12 property and electronic money established before the effective date of this section cease to apply. Last updated September 4, 2026 at 10:12 AM |
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Section 1316.306 | Priority of claims when priority rules of Chapter 1309. of the Revised Code do not apply - UCC A-306.
Effective:
October 6, 2026
Latest Legislation:
House Bill 195 - 136th General Assembly
Priority of claims when priority rules of Chapter 1309. of the Revised Code do not apply [UCC A-306] (A) Subject to divisions (B) and (C) of this section, Article 12 determines the priorities of conflicting claims to Article 12 property when priority rules of Chapter 1309. of the Revised Code, as it exists on the effective date of this section, do not apply. (B) Subject to division (C) of this section, when the priority rules of Chapter 1309. of the Revised Code, as it exists on the effective date of this section, do not apply and the priorities of claims to Article 12 property were established before the effective date of this section, law other than Article 12 determines priority. (C) When the priority rules of Chapter 1309. of the Revised Code, as it exists on the effective date of this section, do not apply, to the extent priorities determined by the Uniform Commercial Code, as it exists on the effective date of this section, modify the priorities established before the effective date of this section, the priorities of claims to Article 12 property established before the effective date of this section cease to apply on the adjustment date. Last updated September 4, 2026 at 10:13 AM |