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OHIO LAND TITLE ASSOCIATION VOLUME 79 ISSUE 2 FEBRUARY 2012Title Topics insideOhio Enacts the Uniform Power of Attorney Act and Changes to theTrust CodePresidents Message ................. 4by Monica
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Ohio enacts the uniform refers to the state's adoption of the Uniform Commercial Code (UCC), which standardizes business laws across states to facilitate commerce.
Businesses and individuals involved in commercial transactions or financing agreements in Ohio are required to file under the Uniform Commercial Code.
To fill out Ohio enacts the uniform, individuals must complete the appropriate UCC forms, providing necessary details about the transaction and parties involved, and submit them to the Ohio Secretary of State.
The purpose of Ohio enacts the uniform is to create a consistent legal framework for commercial transactions and to protect the rights of parties involved in these transactions.
Information that must be reported includes the names of the parties, the type of financing statement, and a description of the collateral involved in the transaction.
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