If, while a security interest in goods is perfected by any method under the law of another jurisdiction, this state issues a certificate of title that does not show that the goods are subject to the security interest or contain a statement that they may be subject to security interests not shown on the certificate:
(A) A buyer of the goods, other than a person in the business of selling goods of that kind, takes free of the security interest if the buyer gives value and receives delivery of the goods after issuance of the certificate and without knowledge of the security interest; and
(B) The security interest is subordinate to a conflicting security interest in the goods that attaches, and is perfected under division (B) of section 1309.311 of the Revised Code, after issuance of the certificate and without the conflicting secured party's knowledge of the security interest.
Effective Date: 07-01-2001
Section: Previous 1309.330 1309.331 1309.332 1309.333 1309.334 1309.335 1309.336 1309.337 1309.338 1309.339 1309.340 1309.341 1309.342 1309.401 1309.402 NextLast modified: October 10, 2016