Effective: June 29, 2011
Latest Legislation: House Bill 9 - 129th General Assembly
Territorial applicability; parties' power to choose applicable law [UCC 1-301]
(A) Except as otherwise provided in this section, when a transaction bears a reasonable relation to this state and also to another state or nation the parties may agree that the law either of this state or of such other state or nation shall govern their rights and duties.
(B) In the absence of an agreement effective under division (A) of this section, and except as provided in division (C) of this section, Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code apply to transactions bearing an appropriate relation to this state.
(C) If one of the following provisions of Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law so specified:
(1) Section 1302.43 of the Revised Code;
(2) Sections 1310.03 and 1310.04 of the Revised Code;
(3) Section 1304.02 of the Revised Code;
(4) Section 1304.85 of the Revised Code;
(5) Section 1305.15 of the Revised Code;
(6) Section 1308.05 of the Revised Code;
(7) Sections 1309.301 to 1309.307 of the Revised Code.
Structure Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1301 | General Provisions
Section 1301.101 | Short Titles - Ucc 1-101.
Section 1301.102 | Scope of Chapter 1301 - Ucc 1-102.
Section 1301.104 | Construction Against Implied Repeal - Ucc 1-104.
Section 1301.105 | Severability - Ucc 1-105.
Section 1301.106 | Use of Singular and Plural; Gender - Ucc 1-106.
Section 1301.107 | Section Captions - Ucc 1-107.
Section 1301.201 | General Definitions - Ucc 1-201.
Section 1301.202 | Notice; Knowledge - Ucc 1-202.
Section 1301.203 | Lease Distinguished From Security Interest - Ucc 1-203.
Section 1301.204 | Value - Ucc 1-204.
Section 1301.205 | Reasonable Time; Seasonableness [Ucc 1-205].
Section 1301.206 | Presumptions - Ucc 1-206.
Section 1301.301 | Territorial Applicability; Parties' Power to Choose Applicable Law - Ucc 1-301.
Section 1301.302 | Variation by Agreement - Ucc 1-302.
Section 1301.303 | Course of Performance, Course of Dealing, and Usage of Trade - Ucc 1-303.
Section 1301.304 | Obligation of Good Faith - Ucc 1-304.
Section 1301.305 | Remedies to Be Liberally Administered - Ucc 1-305.
Section 1301.306 | Waiver or Renunciation of Claim or Right After Breach - Ucc 1-306.
Section 1301.307 | Prima Facie Evidence by Third-Party Documents - Ucc 1-307.
Section 1301.308 | Performance or Acceptance Under Reservation of Rights - Ucc 1-308.
Section 1301.309 | Option to Accelerate at Will - Ucc 1-309.
Section 1301.310 | Subordinated Obligations - Ucc 1-310.
Section 1301.311 | Transactions Entered Into Before 7-1-62 - Ucc 10-102(2).