Section 1316.302
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 July 20, 2026 at 4:20 PM
Available Versions of this Section
- October 6, 2026 – Enacted by House Bill 195 - 136th General Assembly [ View October 6, 2026 Version ]