(A) Except as otherwise provided in this chapter, this chapter applies to a transaction or lien within the scope of this chapter even if the transaction or lien was entered into or created before July 1, 2001.
(B) Except as otherwise provided in division (C) of this section and sections 1309.703 to 1309.709 of the Revised Code:
(1) Transactions or liens that were not governed by this chapter as it existed before July 1, 2001, were validly entered into or created prior to that date, and would be subject to this chapter if they had been entered into or created on or after that date, and the rights, duties, and interests related to those transactions or liens, remain valid on and after July 1, 2001; and
(2) The transactions and liens may be terminated, completed, consummated, or enforced as required or permitted by the law in effect immediately prior to July 1, 2001, or the law in effect on and after that date.
(C) This chapter does not affect an action, case, or proceeding commenced prior to July 1, 2001.
Effective Date: 07-01-2001
Section: Previous 1309.622 1309.623 1309.624 1309.625 1309.626 1309.627 1309.628 1309.702 1309.703 1309.704 1309.705 1309.706 1309.707 1309.708 1309.709 NextLast modified: October 10, 2016