(A) The law applicable to conversion of personal property applies to instruments. An instrument also is converted if it is taken by transfer, other than a negotiation, from a person not entitled to enforce the instrument or if a bank makes or obtains payment with respect to the instrument for a person not entitled to enforce the instrument or receive payment. An action for conversion of an instrument may not be brought by the issuer or acceptor of the instrument or a payee or indorsee who did not receive delivery of the instrument either directly or through delivery to an agent or a co-payee.
(B) In an action under division (A) of this section, the measure of liability is presumed to be the amount payable on the instrument, but recovery may not exceed the amount of the plaintiff's interest in the instrument.
(C) A representative, other than a depositary bank, who has in good faith dealt with an instrument or its proceeds on behalf of one who was not the person entitled to enforce the instrument is not liable in conversion to that person beyond the amount of any proceeds that it has not paid out.
Belfance v. Huntington Nat'l Bank (In Re World Metal, Inc.), 313 B.R. 720 (Bankr. N.D. Ohio 2004). · cites it 18דIt is unclear as to why, in her complaint and her motion for summary judgment, plaintiff-trustee references only subsection (C) of O.R.C. § 1303.60 as that subsection merely provides a “good faith” defense to a conversion claim which is limited to collecting banks other than the…”
DLK Co. of Ohio v. Meece, 2013 Ohio 860 (Ohio Ct. App. 2013). · cites it 5דOn August 19, 1994, however, the UCC was amended to provide a cause of action for conversion under R.C. 1303.60, as well as a three- year statute of limitations under R.”
Druso v. Bank One of Columbus, 705 N.E.2d 717 (Ohio Ct. App. 1997). “The trial court granted Bank One’s motion for partial summary judgment on or about May 30, 1996, denying Unik’s claim against Bank One in conversion, based on the fact that “Unik cannot maintain an action for conversion under O.R.C. 1303.60(A) as revised 8/19/94.” No appeal has…”
Leichliter v. Nat'l City Bank of Columbus, 729 N.E.2d 1285 (Ohio Ct. App. 1999). “current R.C. 1303.60) for conversion, is based on an implied contract for the value of the property appellees received, and that the six-year statute of limitations applicable to contracts not in writing found at R.”
Metz v. Unizan Bank, 416 F. Supp. 2d 568 (N.D. Ohio 2006). “Ohio Revised Code •§ 1303.60(A) creates a statutory claim for conversion of a negotiable instrument, and O.”
Peters Fam. Farm, Inc. v. Sav. Bank, 2011 Ohio 665 (Ohio Ct. App. 2011). · cites it 4דOhio's UCC conversion statute is provided in R.C. 1303.60: Pickaway App. No. 10CA2 10 {¶18} “The law applicable to conversion of personal property applies to instruments.”
Ludwig v. Fifth Third Bank, 908 N.E.2d 992 (Ohio Ct. App. 2009). · cites it 4ד2 Conversion {¶ 8} The conversion of an instrument is proscribed by R.C. 1303.60, which provides that “[a]n instrument also is converted * * * if a bank makes or obtains payment with respect to the instrument for a person not entitled to enforce the instrument or receive payment.”
Hogan v. Guardian Life Ins. Co. of Am. (N.D. Ohio 2024). · cites it 2דSee also O.R.C. § 1303.60(A) (“An instrument also is converted if it is taken by transfer, other than a negotiation, from a person not entitled to enforce the instrument”).”
— Ohio Rev. Code § 1303.60(A) — 5 cases
Druso v. Bank One of Columbus, 705 N.E.2d 717 (Ohio Ct. App. 1997). “The trial court granted Bank One’s motion for partial summary judgment on or about May 30, 1996, denying Unik’s claim against Bank One in conversion, based on the fact that “Unik cannot maintain an action for conversion under O.R.C. 1303.60(A) as revised 8/19/94.” No appeal has…”
Metz v. Unizan Bank, 416 F. Supp. 2d 568 (N.D. Ohio 2006). “Ohio Revised Code •§ 1303.60(A) creates a statutory claim for conversion of a negotiable instrument, and O.”
Belfance v. Huntington Nat'l Bank (In Re World Metal, Inc.), 313 B.R. 720 (Bankr. N.D. Ohio 2004). “It is unclear as to why, in her complaint and her motion for summary judgment, plaintiff-trustee references only subsection (C) of O.R.C. § 1303.60 as that subsection merely provides a “good faith” defense to a conversion claim which is limited to collecting banks other than the…”
Peters Fam. Farm, Inc. v. Sav. Bank, 2011 Ohio 665 (Ohio Ct. App. 2011). “Ohio's UCC conversion statute is provided in R.C. 1303.60: Pickaway App. No. 10CA2 10 {¶18} “The law applicable to conversion of personal property applies to instruments.”
Hogan v. Guardian Life Ins. Co. of Am. (N.D. Ohio 2024). “See also O.R.C. § 1303.60(A) (“An instrument also is converted if it is taken by transfer, other than a negotiation, from a person not entitled to enforce the instrument”).”
— Ohio Rev. Code § 1303.60(C) — 1 case
Belfance v. Huntington Nat'l Bank (In Re World Metal, Inc.), 313 B.R. 720 (Bankr. N.D. Ohio 2004). “It is unclear as to why, in her complaint and her motion for summary judgment, plaintiff-trustee references only subsection (C) of O.R.C. § 1303.60 as that subsection merely provides a “good faith” defense to a conversion claim which is limited to collecting banks other than the…”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.