Section 1309.344
Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles [UCC 9-306B]
(A) Except as provided in division (B) of this section, the local law of the controllable electronic record's jurisdiction specified in divisions (C) and (D) of section 1314.107 of the Revised Code governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible governed by the controllable electronic record.
(B) The local law of the jurisdiction in which the debtor is located governs both of the following:
(1) Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing;
(2) Automatic perfection of a security interest in a controllable payment intangible created by the sale of the controllable payment intangible.
Last updated July 20, 2026 at 3:47 PM
Available Versions of this Section
- October 6, 2026 – Enacted by House Bill 195 - 136th General Assembly [ View October 6, 2026 Version ]