Effective: January 1, 1998
Latest Legislation: House Bill 170 - 122nd General Assembly
The following rules apply in an action on a certificated security against the issuer:
(A) Unless specifically denied in the pleadings, each signature on a security certificate or in a necessary indorsement is admitted;
(B) If the effectiveness of a signature is put in issue, the burden of establishing effectiveness is on the party claiming under the signature, but the signature is presumed to be genuine or authorized;
(C) If signatures on a security certificate are admitted or established, production of the certificate entitles a holder to recover on it unless the defendant establishes a defense or a defect going to the validity of the security;
(D) If it is shown that a defense or defect exists, the plaintiff has the burden of establishing that the plaintiff or some person under whom the plaintiff claims is a person against whom the defense or defect cannot be asserted.
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.