Ohio Rev. Code § 1309.627
Determination of whether conduct was commercially reasonable - UCC 9-627.
Ohio · Chapter 1309 | Secured Transactions · Status: effective
Cite this
- Citation
- Ohio Rev. Code § 1309.627, Determination of whether conduct was commercially reasonable - UCC 9-627, Ohio, version 1 as recorded 2026-08-11, yourstate.us, https://yourstate.us/provision/1169982
- Permanent ID
ys:prov:1169982@1- SHA-256
07bed11eb7fa125d2441d16a1b40d3650cef260313eb3b76feeda01b74578f6b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(A) The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition, or acceptance was made in a commercially reasonable manner.
(B) A disposition of collateral is made in a commercially reasonable manner if the disposition is made:
(1) In the usual manner on any recognized market;
(2) At the price current in any recognized market at the time of the disposition; or(3) Otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.
(C) A collection, enforcement, disposition, or acceptance is commercially reasonable if it has been approved:
(1) In a judicial proceeding;
(2) By a bona fide creditors' committee;
(3) By a representative of creditors; or(4) By an assignee for the benefit of creditors.
(D) Approval under division (C) of this section does not have to be obtained, and lack of approval does not mean that the collection, enforcement, disposition, or acceptance is not commercially reasonable.