Ohio Rev. Code » Chapter 1308
Ohio Revised Code

Ohio Rev. Code § 1308.16 (2026)

Rights of purchaser - UCC 8-302

✓ laws through the 2026 session (checked Sept. 2026)
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Effective:
July 1, 2001
Latest Legislation:
Senate Bill 74 - 124th General Assembly
PDF:
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(A) Except as otherwise provided in divisions (B) and (C) of this section, a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer.

(B) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.

(C) A purchaser of a certificated security who as a previous holder had notice of an adverse claim does not improve its position by taking from a protected purchaser.
Notes of Decisions
Cited in 4 cases, 1987–2019 · leading case: Paul Cheatham I.R.A. v. Huntington Natl. Bank (Slip Opinion), 2019-Ohio-3342, 137 N.E.3d 45.
Sort: Relevance Newest Treatment
Paul Cheatham I.R.A. v. Huntington Natl. Bank (Slip Opinion), 2019-Ohio-3342, 137 N.E.3d 45. · cites it 30× “] Bondholder’s right to sue—R.C. 1308.16—Uniform Commercial Code 8-302— Under R.”
Paul Cheatham IRA v. Huntington Natl. Bank, 2017-Ohio-9234, 102 N.E.3d 597. · cites it 11× “However, appellant takes the position that the subsequent purchaser of a bond does acquire the cause of action pursuant to R.C. 1308.16, which is Ohio's version of U.”
W. & S. Life Ins. Co. v. Bank of New York Mellon, 2019-Ohio-388, 129 N.E.3d 1085. “STANDING FOR SOLD CERTIFICATES {¶46} W & S's fourth and final assignment of error is that the trial court erred when it ruled that W & S lacked standing because it sold five certificates. New York and Ohio laws are similar on this issue and both states have statutes that give…”
In re Bell & Beckwith, Debtors. James L. Murray & Phyllis J. Murray v. Patrick A. McGraw Tr. Sec. Inv. Prot. Corp., 821 F.2d 333 (6th Cir. 1987). “8-301, Ohio Rev. Code Ann. § 1308.16 (Anderson 1985 Supp.”
Ohio Rev. Code § 1308.16(A): 2 cases
Paul Cheatham I.R.A. v. Huntington Natl. Bank (Slip Opinion), 2019-Ohio-3342, 137 N.E.3d 45. “] Bondholder’s right to sue—R.C. 1308.16—Uniform Commercial Code 8-302— Under R.”
Paul Cheatham IRA v. Huntington Natl. Bank, 2017-Ohio-9234, 102 N.E.3d 597. “However, appellant takes the position that the subsequent purchaser of a bond does acquire the cause of action pursuant to R.C. 1308.16, which is Ohio's version of U.”
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