Ohio Code 1303.02 – Subject matter – UCC 3-102
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(A) This chapter applies to negotiable instruments. It does not apply to money, to payment orders governed by sections 1304.51 to 1304.85 of the Revised Code, or to securities governed by Chapter 1308 of the Revised Code.
Terms Used In Ohio Code 1303.02
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
(B) If there is a conflict between this chapter and either sections 1304.01 to 1304.40 or Chapter 1309 of the Revised Code, the provisions of sections 1304.01 to 1304.40 or Chapter 1309 of the Revised Code govern.
(C) If any provision of this chapter is inconsistent with any regulation of the board of governors of the federal reserve system or any operating circular of the federal reserve banks, the regulation or the operating circular supersedes the provision of this chapter to the extent of the inconsistency.