Effective: June 29, 2011
Latest Legislation: House Bill 9 - 129th General Assembly
(A) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security.
(B) An "investment company security" is a security. "Investment company security" means a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, an interest in a unit investment trust that is so registered, or a face-amount certificate issued by a face-amount certificate company that is so registered. Investment company security does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.
(C) An interest in a partnership or limited liability company is not a security unless it is dealt in or traded on securities exchanges or in securities markets, its terms expressly provide that it is a security governed by this chapter, or it is an investment company security. However, an interest in a partnership or limited liability company is a financial asset if it is held in a securities account.
(D) A writing that is a security certificate is governed by this chapter and not by Chapter 1303. of the Revised Code, even though it also meets the requirements of that chapter. However, a negotiable instrument governed by Chapter 1303. of the Revised Code is a financial asset if it is held in a securities account.
(E) An option or similar obligation issued by a clearing corporation to its participants is not a security, but is a financial asset.
(F) A commodity contract, as defined in division (A)(15) of section 1309.102 of the Revised Code, is not a security or a financial asset.
(G) A document of title is not a financial asset unless division (A)(9)(c) of section 1308.01 of the Revised Code applies.
Structure Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1308 | Investment Securities
Section 1308.01 | Definitions - Ucc 8-102.
Section 1308.03 | Overissue Defined - Effect - Ucc 8-210.
Section 1308.04 | Evidentiary Rules Concerning Certificate Securities - Ucc 8-114.
Section 1308.05 | Applicability - Choice of Law - Ucc 8-110.
Section 1308.06 | Clearing Corporation Rules - Ucc 8-111.
Section 1308.07 | Statute of Frauds Inapplicable - Ucc 8-113.
Section 1308.08 | Issuer - Ucc 8-201.
Section 1308.09 | Issuer's Responsibility and Defenses - Notice of Defect or Defense - Ucc 8-202.
Section 1308.10 | Staleness as Notice of Defect or Defense - Ucc 8-203.
Section 1308.12 | Effect of Unauthorized Signature on Security Certificate - Ucc 8-205.
Section 1308.13 | Completion or Alteration of Security Certificate - Ucc 8-206.
Section 1308.14 | Rights and Duties of Issuer With Respect to Registered Owners - Ucc 8-207.
Section 1308.16 | Rights of Purchaser - Ucc 8-302.
Section 1308.17 | Protected Purchaser - Ucc 8-303.
Section 1308.18 | Acquisition of Security or Financial Asset or Interest Therein - Ucc 8-104.
Section 1308.19 | Notice of Adverse Claim - Ucc 8-105.
Section 1308.20 | Warranties in Direct Holding - Ucc 8-108.
Section 1308.21 | Warranties in Indirect Holding - Ucc 8-109.
Section 1308.22 | Indorsement - Ucc 8-304.
Section 1308.23 | Whether Indorsement, Instruction, or Entitlement Order Is Effective - Ucc 8-107.
Section 1308.24 | Control - Ucc 8-106.
Section 1308.25 | Instruction - Ucc 8-305.
Section 1308.26 | Effect of Guaranteeing Signature, Indorsement, or Instruction - Ucc 8-306.
Section 1308.27 | Delivery - Ucc 8-301.
Section 1308.29 | Fulfilling Duty to Transfer.
Section 1308.30 | Wrongful Transfer of Security.
Section 1308.31 | Purchaser's Right to Requisites for Registration of Transfer - Ucc 8-307.
Section 1308.32 | Creditor's Legal Process - Ucc 8-112.
Section 1308.37 | Duty of Issuer to Register Transfer - Ucc 8-401.
Section 1308.38 | Assurance That Indorsement or Instruction Is Effective - Ucc 8-402.
Section 1308.39 | Demand That Issuer Not Register Transfer - Ucc 8-403.
Section 1308.40 | Wrongful Registration - Ucc 8-404.
Section 1308.42 | Authenticating Trustee, Transfer Agent, and Registrar - Ucc 8-407.
Section 1308.52 | Assertion of Adverse Claim Against Entitlement Holder - Ucc 8-502.
Section 1308.54 | Duty of Securities Intermediary to Maintain Financial Asset - Ucc 8-504.
Section 1308.57 | Duty of Securities Intermediary to Comply With Entitlement Holder - Ucc 8-507.
Section 1308.60 | Rights of Purchaser of Security Entitlement From Entitlement Holder - Ucc 8-510.
Section 1308.61 | Priority Among Security Interests and Entitlement Holders - Ucc 8-511.