Effective: July 1, 2001
Latest Legislation: Senate Bill 74 - 124th General Assembly
(A) Except as otherwise provided in division (B) of this section, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:
(1) The debtor acquired the collateral subject to the security interest created by the other person;
(2) The security interest created by the other person was perfected when the debtor acquired the collateral; and
(3) There is no period thereafter when the security interest is unperfected.
(B) Division (A) of this section subordinates a security interest only if the security interest:
(1) Otherwise would have priority solely under division (A) of section 1309.322 or section 1309.324 of the Revised Code; or
(2) Arose solely under division (C) of section 1302.85 or division (E) of section 1310.54 of the Revised Code.
Structure Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1309 | Secured Transactions
Section 1309.101 | Short Title - Section Numbering - Ucc 9-101.
Section 1309.102 | Definitions and Index of Definitions - Ucc 9-102.
Section 1309.104 | Control of Deposit Account - Ucc 9-104.
Section 1309.105 | Control of Electronic Chattel Paper - Ucc 9-105.
Section 1309.106 | Control of Investment Property - Ucc 9-106.
Section 1309.107 | Control of Letter-of-Credit Right - Ucc 9-107.
Section 1309.108 | Sufficiency of Description - Ucc 9-108.
Section 1309.109 | Scope of Chapter - Ucc 9-109.
Section 1309.110 | Security Interests Arising Under Article 2 or 2a - Ucc 9-110.
Section 1309.201 | General Effectiveness of Security Agreement - Ucc 9-201.
Section 1309.202 | Title to Collateral Immaterial - Ucc 9-202.
Section 1309.204 | After-Acquired Property - Future Advances - Ucc 9-204.
Section 1309.205 | Use or Disposition of Collateral Permissible - Ucc 9-205.
Section 1309.206 | Security Interest Arising in Purchase or Delivery of Financial Asset - Ucc 9-206.
Section 1309.208 | Additional Duties of Secured Party Having Control of Collateral - Ucc 9-208.
Section 1309.301 | Law Governing Perfection and Priority of Security Interests - Ucc 9-301.
Section 1309.302 | Law Governing Perfection and Priority of Agricultural Liens - Ucc 9-302.
Section 1309.307 | Location of Debtor - Ucc 9-307.
Section 1309.309 | Security Interest Perfected Upon Attachment - Ucc 9-309.
Section 1309.312 | Perfection of Security Interests - Ucc 9-312.
Section 1309.314 | Perfection by Control - Ucc 9-314.
Section 1309.315 | Secured Party's Rights on Disposition of Collateral and in Proceeds - Ucc 9-315.
Section 1309.320 | Buyer of Goods - Ucc 9-320.
Section 1309.323 | Future Advances - Ucc 9-323.
Section 1309.324 | Priority of Purchase-Money Security Interests - Ucc 9-324.
Section 1309.325 | Priority of Security Interests in Transferred Collateral - Ucc 9-325.
Section 1309.326 | Priority of Security Interests Created by New Debtor - Ucc 9-326.
Section 1309.327 | Priority of Security Interests in Deposit Account - Ucc 9-327.
Section 1309.328 | Priority of Security Interests in Investment Property - Ucc 9-328.
Section 1309.329 | Priority of Security Interests in Letter-of-Credit Right - Ucc 9-329.
Section 1309.330 | Priority of Purchases of Chattel Paper or Instrument - Ucc 9-330.
Section 1309.332 | Transfer of Money - Transfer of Funds From Deposit Account - Ucc 9-332.
Section 1309.333 | Priority of Certain Liens Arising by Operation of Law - Ucc 9-333.
Section 1309.334 | Priority of Security Interests in Fixtures and Crops - Ucc 9-334.
Section 1309.335 | Accessions - Ucc 9-335.
Section 1309.336 | Commingled Goods - Ucc 9-336.
Section 1309.339 | Priority Subject to Subordination - Ucc 9-339.
Section 1309.341 | Bank's Rights and Duties With Respect to Deposit Account - Ucc 9-341.
Section 1309.401 | Alienability of Debtor's Rights - Ucc 9-401.
Section 1309.402 | Secured Party Not Obligated on Contract of Debtor or in Tort - Ucc 9-402.
Section 1309.403 | Agreement Not to Assert Defenses Against Assignee - Ucc 9-403.
Section 1309.404 | Rights Acquired by Assignee - Claims and Defenses Against Assignee - Ucc 9-404.
Section 1309.405 | Modification of Assigned Contract - Ucc 9-405.
Section 1309.406 | Discharge of Account Debtor - Ucc 9-406.
Section 1309.409 | Restrictions on Assignment of Letter-of-Credit Rights Ineffective - Ucc 9-409.
Section 1309.501 | Filing Office - Ucc 9-501.
Section 1309.503 | Name of Debtor and Secured Party - Ucc 9-503.
Section 1309.504 | Indication of Collateral - Ucc 9-504.
Section 1309.506 | Effect of Errors or Omissions - Ucc 9-506.
Section 1309.507 | Effect of Certain Events on Effectiveness of Financing Statement - Ucc 9-507.
Section 1309.509 | Persons Entitled to File a Record - Ucc 9-509.
Section 1309.510 | Effectiveness of Filed Record - Ucc 9-510.
Section 1309.511 | Secured Party of Record - Ucc 9-511.
Section 1309.512 | Amendment of Financing Statement - Ucc 9-512.
Section 1309.513 | Termination Statement - Ucc 9-513.
Section 1309.514 | Assignment of Powers of Secured Party of Record - Ucc 9-514.
Section 1309.516 | What Constitutes Filing - Effectiveness of Filing - Ucc 9-516.
Section 1309.517 | Effect of Indexing Errors - Ucc 9-517.
Section 1309.518 | Claim Concerning Inaccurate or Wrongfully Filed Record - Ucc 9-518.
Section 1309.520 | Acceptance and Refusal to Accept Record - Ucc 9-520.
Section 1309.521 | Uniform Form of Written Financing Statement and Amendment - Ucc 9-521.
Section 1309.522 | Maintenance and Destruction of Records - Ucc 9-522.
Section 1309.523 | Information From Filing Office - Sale or License of Records - Ucc 9-523.
Section 1309.524 | Delay by Filing Office - Ucc 9-524.
Section 1309.525 | Fees - Ucc 9-525.
Section 1309.526 | Filing-Office Rules - Ucc 9-526.
Section 1309.527 | Duty to Report - Ucc 9-527.
Section 1309.528 | Corporate and Uniform Commercial Code Filing Fund - Ucc 9-528.
Section 1309.529 | Distributions of Fees to County Recorders - Ucc 9-529.
Section 1309.602 | Waiver and Variance of Rights and Duties - Ucc 9-602.
Section 1309.603 | Agreement on Standards Concerning Rights and Duties - Ucc 9-603.
Section 1309.604 | Procedure if Security Agreement Covers Real Property or Fixtures - Ucc 9-604.
Section 1309.605 | Unknown Debtor or Secondary Obligor - Ucc 9-605.
Section 1309.606 | Time for Default for Agricultural Lien - Ucc 9-606.
Section 1309.607 | Collection and Enforcement by Secured Party - Ucc 9-607.
Section 1309.609 | Secured Party's Right to Take Possession After Default - Ucc 9-609.
Section 1309.610 | Disposition of Collateral After Default - Ucc 9-610.
Section 1309.611 | Notification Before Disposition of Collateral - Ucc 9-611.
Section 1309.612 | Timeliness of Notification Before Disposition of Collateral - Ucc 9-612.
Section 1309.616 | Explanation of Calculation of Surplus or Deficiency - Ucc 9-616.
Section 1309.617 | Rights of Transferee of Collateral - Ucc 9-617.
Section 1309.618 | Rights and Duties of Certain Secondary Obligors - Ucc 9-618.
Section 1309.619 | Transfer of Record or Legal Title - Ucc 9-619.
Section 1309.621 | Notification of Proposal to Accept Collateral - Ucc 9-621.
Section 1309.622 | Effect of Acceptance of Collateral - Ucc 9-622.
Section 1309.623 | Right to Redeem Collateral - Ucc 9-623.
Section 1309.624 | Waiver - Ucc 9-624.
Section 1309.625 | Remedies for Secured Party's Failure to Comply With Chapter - Ucc 9-625.
Section 1309.626 | Action in Which Deficiency or Surplus Is in Issue - Ucc 9-626.
Section 1309.627 | Determination of Whether Conduct Was Commercially Reasonable - Ucc 9-627.
Section 1309.702 | Savings Clause - Ucc 9-702.
Section 1309.703 | Security Interest Perfected Before Effective Date - Ucc 9-703.
Section 1309.704 | Security Interest Unperfected Before Effective Date - Ucc 9-704.
Section 1309.705 | Effectiveness of Action Taken Before Effective Date - Ucc 9-705.
Section 1309.707 | Pre-Effective-Date Financing Statement - Ucc 9-707.