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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1309.345

Ohio Revised Code
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Title 13 Commercial Transactions
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Chapter 1309 Secured Transactions
 
Section 1309.345 is not yet in effect. It takes effect October 6, 2026.
Effective:
October 6, 2026
Latest Legislation:
House Bill 195 - 136th General Assembly
PDF:
Download Authenticated PDF
 

Perfection by possession and control of chattel paper [UCC 9-314A]

(A) A secured party may perfect a security interest in chattel paper by taking possession of each authoritative tangible copy of the record evidencing the chattel paper and obtaining control of each authoritative electronic copy of the electronic record evidencing the chattel paper.

(B) A security interest is perfected under division (A) of this section not earlier than the time the secured party takes possession and obtains control and remains perfected under division (A) of this section only while the secured party retains possession and control.

(C) Divisions (C), (F), (G), (H), and (I) of section 1309.313 of the Revised Code apply to perfection by possession of an authoritative tangible copy of a record evidencing chattel paper.

Last updated July 20, 2026 at 3:48 PM

Available Versions of this Section