# Ohio Rev. Code § 1308.10: Staleness as notice of defect or defense - UCC 8-203

> Ohio · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.10

## Section

- **Citation:** Ohio Rev. Code § 1308.10
- **Heading:** Staleness as notice of defect or defense - UCC 8-203
- **Jurisdiction:** Ohio
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Revised Code / Title 13 / Chapter 1308 / § 1308.10

## Text

January 1, 1998 House Bill 170 - 122nd General Assembly After an act or event, other than a call that has been revoked, creating a right to immediate performance of the principal obligation represented by a certificated security or that sets a date on or after which the security is to be presented or surrendered for redemption or exchange, a purchaser is charged with notice of any defect in its issue or defense of the issuer if the act or event: (A) Requires the payment of money, the delivery of a certificated security, the registration of transfer of an uncertificated security, or any of them on presentation or surrender of the security certificate, the money or security is available on the date set for payment or exchange, and the purchaser takes the security more than one year after that date; or (B) Is not covered by division (A) of this section and the purchaser takes the security more than two years after the date set for surrender or presentation or the date on which performance became due.

## Nearby sections

- [Ohio Rev. Code § 1308.01 § 1308.01. Definitions - UCC 8-102](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.01.md)
- [Ohio Rev. Code § 1308.02 § 1308.02. Rules for determining whether certain obligations and interests are securities or financial assets - UCC 8-103](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.02.md)
- [Ohio Rev. Code § 1308.03 § 1308.03. Overissue defined - effect - UCC 8-210](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.03.md)
- [Ohio Rev. Code § 1308.04 § 1308.04. Evidentiary rules concerning certificate securities - UCC 8-114](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.04.md)
- [Ohio Rev. Code § 1308.05 § 1308.05. Applicability - choice of law - UCC 8-110](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.05.md)
- [Ohio Rev. Code § 1308.06 § 1308.06. Clearing corporation rules - UCC 8-111](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.06.md)
- [Ohio Rev. Code § 1308.07 § 1308.07. Statute of frauds inapplicable - UCC 8-113](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.07.md)
- [Ohio Rev. Code § 1308.08 § 1308.08. Issuer - UCC 8-201](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.08.md)
- [Ohio Rev. Code § 1308.09 § 1308.09. Issuer's responsibility and defenses - notice of defect or defense - UCC 8-202](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.09.md)
- [Ohio Rev. Code § 1308.10 § 1308.10. Staleness as notice of defect or defense - UCC 8-203](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.10.md)
- [Ohio Rev. Code § 1308.11 § 1308.11. Effect of issuer's restriction on transfer - UCC 8-204 - issuer's lien - UCC 8-209](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.11.md)
- [Ohio Rev. Code § 1308.12 § 1308.12. Effect of unauthorized signature on security certificate - UCC 8-205](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.12.md)
- [Ohio Rev. Code § 1308.13 § 1308.13. Completion or alteration of security certificate - UCC 8-206](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.13.md)
- [Ohio Rev. Code § 1308.14 § 1308.14. Rights and duties of issuer with respect to registered owners - UCC 8-207](https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OH_T13_C1308_S1308.10. Check the current official text before relying on it. Not legal advice.