Ohio Rev. Code » Chapter 1308
Ohio Revised Code

Ohio Rev. Code § 1308.21 (2026)

Warranties in indirect holding - UCC 8-109

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Effective:
January 1, 1998
Latest Legislation:
House Bill 170 - 122nd General Assembly
PDF:
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(A) A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that:

(1) The entitlement order is made by an appropriate person, or if the entitlement order is by an agent, the agent has actual authority to act on behalf of the appropriate person; and

(2) There is no adverse claim to the security entitlement.

(B) A person who delivers a security certificate to a securities intermediary for credit to a securities account or originates an instruction with respect to an uncertificated security directing that the uncertificated security be credited to a securities account makes to the securities intermediary the warranties specified in division (A) or (B) of section 1308.20 of the Revised Code.

(C) If a securities intermediary delivers a security certificate to its entitlement holder or causes its entitlement holder to be registered as the owner of an uncertificated security, the securities intermediary makes to the entitlement holder the warranties specified in division (A) or (B) of section 1308.20 of the Revised Code.
Notes of Decisions
Cited in 1 case, 1996–1996 · leading case: Fifth Third Bank of W. Ohio v. Freund, 680 N.E.2d 682 (Ohio Ct. App. 3d Dist. 1996).
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Fifth Third Bank of W. Ohio v. Freund, 680 N.E.2d 682 (Ohio Ct. App. 3d Dist. 1996). “Furthermore, appellee argued that since he had not breached any of the warranties found in R.C. 1308.21, appellant has no recourse against him.”
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