(A) Except as otherwise provided in division (B) of this section, for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to the goods identical to those the consignor had or had power to transfer.
(B) For purposes of determining the rights of a creditor of a consignee, law other than this chapter determines the rights and title of a consignee while goods are in the consignee's possession if, under sections 1309.301 to 1309.342 of the Revised Code, a perfected security interest held by the consignor would have priority over the rights of the creditor.
Effective Date: 07-01-2001
Section: Previous 1309.312 1309.313 1309.314 1309.315 1309.316 1309.317 1309.318 1309.319 1309.320 1309.321 1309.322 1309.323 1309.324 1309.325 1309.326 NextLast modified: October 10, 2016