Revises the Ohio Uniform Commercial Code to update definitions and provisions.

Ohio HB195 revises the Ohio Uniform Commercial Code to update definitions and provisions. It modifies definitions such as "goods," "accessions," "fixtures," and "commercial unit." It also updates rules on the enforceability of lease contracts, the rights and duties of secured parties, and the perfection of security interests. The bill aims to simplify, clarify, and modernize the commercial code, ensuring it aligns with current commercial practices and legal standards.

Revises the Ohio Uniform Commercial Code to update definitions and provisions.

Ohio HB195 revises the Ohio Uniform Commercial Code to update definitions and provisions. It modifies definitions such as "goods," "accessions," "fixtures," and "commercial unit." It also updates rules on the enforceability of lease contracts, the rights and duties of secured parties, and the perfection of security interests. The bill aims to simplify, clarify, and modernize the commercial code, ensuring it aligns with current commercial practices and legal standards.