(A) This chapter does not limit the rights of a holder in due course of a negotiable instrument, as defined in section 1303.32 of the Revised Code, or a holder to whom a negotiable document of title has been duly negotiated under section 1307.501 of the Revised Code, or a protected purchaser of a security under section 1308.17 of the Revised Code. These holders or purchasers take priority over an earlier security interest, even though perfected, to the extent provided in Chapters 1303., 1307., and 1308. of the Revised Code.
(B) This chapter does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under Chapter 1308. of the Revised Code.
(C) Filing under this chapter does not constitute notice of a claim or defense to the holders, purchasers, or persons described in divisions (A) and (B) of this section.
Amended by 129th General AssemblyFile No.9, HB 9, ยง1, eff. 6/29/2011.
Effective Date: 07-01-2001
Section: Previous 1309.324 1309.325 1309.326 1309.327 1309.328 1309.329 1309.330 1309.331 1309.332 1309.333 1309.334 1309.335 1309.336 1309.337 1309.338 NextLast modified: October 10, 2016