Ohio Revised Code

Ohio Rev. Code § 1308.27 (2026)

Delivery - UCC 8-301

✓ current as of May 2026

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Effective:

July 1, 2001

Latest Legislation:

Senate Bill 74 - 124th General Assembly

PDF:

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(A) Delivery of a certificated security to a purchaser occurs when:

(1) The purchaser acquires possession of the security certificate;

(2) Another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser; or

(3) A securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is (a) registered in the name of the purchaser, (b) payable to the order of the purchaser, or (c) specially indorsed to the purchaser by an effective indorsement and has not been indorsed to the securities intermediary or in blank.

(B) Delivery of an uncertificated security to a purchaser occurs when:

(1) The issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or

(2) Another person, other than a securities intermediary, either becomes the registered owner of the uncertificated security on behalf of the purchaser or, having previously become the registered owner, acknowledges that it holds for the purchaser.

Notes of Decisions

Cited in 5 cases (2 in the last 5 years), 2004–2025 · leading case: Lcp Holding Co. v. Taylor, 817 N.E.2d 439 (Ohio Ct. App. 11th Dist. 2004).

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Lcp Holding Co. v. Taylor, 817 N.E.2d 439 (Ohio Ct. App. 11th Dist. 2004). · cites it 2× “, R.C. 1308.27; U.C.C. 8-301. Here, delivery occurred when appellee surrendered possession of the stock and endorsed the stock to his children as owners.”

Allan v. Allan, 2022-Ohio-1488. “In opposition, Raida cites to R.C. 1308.27 that governs how corporate shares are to be transferred as the applicable law to be applied to determine whether the transfers of the gas station businesses were perfected under R.”

Bruce Comly French v. Imaginary Investments (In re Phillips-Camper), 359 B.R. 659 (Bankr. N.D. Ohio 2007). · cites it 2× “A secured party may perfect a security interest in certificated securities by taking delivery of the certificated securities under section 1308.27 of the Revised Code. (D) If perfection of a security interest depends upon possession of the collateral by a secured party,…”

Clark v. Clark, 2025-Ohio-159. “{¶81} In his declaratory judgment claim, Jay sought an order that Artie’s shares were transferred to him and Clark Brothers must register the transfer of her shares to Jay under R.C. 1308.27. As evidenced by his complaint, Jay’s justification for entitlement to Artie’s shares is…”

United States v. Scherer, No. 2:19-cv-03634 (S.D. Ohio May 12, 2020). · cites it 4× “18(A)(1) provides that a person acquires a security interest if “[t]he person is a purchaser to whom a security is delivered pursuant to section 1308.27 of the Revised Code.” Section 1308.”

Ohio Rev. Code § 1308.27(A)(1): 1 case

United States v. Scherer, No. 2:19-cv-03634 (S.D. Ohio May 12, 2020). “18(A)(1) provides that a person acquires a security interest if “[t]he person is a purchaser to whom a security is delivered pursuant to section 1308.27 of the Revised Code.” Section 1308.”

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