2006 Ohio Revised Code - 1302.02. (UCC 2-102) Scope; certain security and other transactions excluded.
§ 1302.02. (UCC 2-102) Scope; certain security and other transactions excluded.
Unless the context otherwise requires,
sections 1302.01 to
1302.98, inclusive, of the Revised Code, apply to transactions in goods; they do not apply to any transaction which although in the form of an unconditional contract to sell or present sale is intended to operate only as a security transaction nor do
sections 1302.01 to
1302.98, inclusive, of the Revised Code impair or repeal any statute regulating sales to consumers, farmers, or other specified classes of buyers.
HISTORY: 129 v S 5. Eff 7-1-62.
Analogous to former RC § 1315.76.
Official Comment
To make it clear that:
The Article [Chapter] leaves substantially unaffected the law relating to purchase money security such as conditional sale or chattel mortgage though it regulates the general sales aspects of such transactions. "Security transaction" is used in the same sense as in the Article [Chapter] on Secured Transactions (Article [Chapter] 9).
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