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2024 Indiana Code
Title 26. Commercial Law
Article 1. Uniform Commercial Code
Chapter 9.1. Secured Transactions
- 26-1-9.1-101. Short Title
- 26-1-9.1-102. Definitions and Index of Definitions; Principles of Construction and Interpretation
- 26-1-9.1-102.5. "Take Free"; "Takes Free"; "Takes the Money Free"; "Takes the Funds Free"
- 26-1-9.1-103. Purchase-Money Security Interest; Application of Payment; Burden of Establishing
- 26-1-9.1-104. Control of Deposit Account
- 26-1-9.1-105. Control of Authoritative Electronic Copy of a Record Evidencing Chattel Paper; Exclusive Power; Control on Behalf of Purchaser
- 26-1-9.1-106. Control of Investment Property
- 26-1-9.1-107. Control of Letter-of-Credit Right
- 26-1-9.1-107.1. Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible
- 26-1-9.1-107.2. Control on Behalf of Another Person; Deposit Accounts and Authoritative Electronic Copies of Record Evidencing Chattel Paper; Acknowledgment Not Required
- 26-1-9.1-108. Sufficiency of Description
- 26-1-9.1-109. Scope
- 26-1-9.1-110. Security Interests Arising Under Ic 26-1-2 or Ic 26-1-2.1
- 26-1-9.1-201. General Effectiveness of Security Agreement
- 26-1-9.1-202. Title to Collateral Immaterial
- 26-1-9.1-203. Attachment and Enforceability of Security Interest; Requirements; Rights to Proceeds; Security Interest in Right to Payment or Performance
- 26-1-9.1-204. Security Interest in After-Acquired Collateral; Exceptions; Future Advances; Proceeds
- 26-1-9.1-205. Use or Disposition of Collateral Permissible
- 26-1-9.1-206. Security Interest Arising in Purchase or Delivery of Financial Asset
- 26-1-9.1-207. Rights and Duties of Secured Party Having Possession or Control of Collateral
- 26-1-9.1-208. Additional Duties of Secured Party Having Control of Collateral
- 26-1-9.1-209. Duties of Secured Party if Account Debtor Has Been Notified of Assignment
- 26-1-9.1-210. Request for Accounting; Request Regarding List of Collateral or Statement of Account
- 26-1-9.1-301. Law Governing Perfection, Effect of Perfection or Nonperfection, and Priority of Security Interests in Collateral
- 26-1-9.1-302. Law Governing Perfection and Priority of Agricultural Liens
- 26-1-9.1-303. Law Governing Perfection and Priority of Security Interests in Goods Covered by a Certificate of Title
- 26-1-9.1-304. Law Governing Perfection, Effect of Perfection or Nonperfection, and Priority of Security Interests in Deposit Accounts; Determination of Bank's Jurisdiction
- 26-1-9.1-305. Law Governing Perfection and Priority of Security Interests in Investment Property
- 26-1-9.1-306. Law Governing Perfection and Priority of Security Interests in Letter-of-Credit Rights
- 26-1-9.1-306.1. Law Governing Perfection, Effect of Perfection or Nonperfection, and Priority of Security Interests in Chattel Paper; Chattel Paper's Jurisdiction
- 26-1-9.1-306.2. Law Governing Perfection, Effect of Perfection or Nonperfection, and Priority of Security Interests in Controllable Electronic Records, Controllable Accounts, and Controllable Payment Intangibles
- 26-1-9.1-307. Location of Debtor
- 26-1-9.1-308. When Security Interest or Agricultural Lien Is Perfected; Continuity of Perfection
- 26-1-9.1-309. Security Interest Perfected Upon Attachment
- 26-1-9.1-310. When Filing Required to Perfect Security Interest or Agricultural Lien; Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply
- 26-1-9.1-311. Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties
- 26-1-9.1-312. Perfection by Permissive Filing; Perfection Only by Control or Possession; Temporary Perfection Without Filing or Transfer of Possession
- 26-1-9.1-313. When Possession by or Delivery to Secured Party Perfects Security Interest Without Filing
- 26-1-9.1-314. Perfection by Control
- 26-1-9.1-314.1. Perfection of Security Interest in Chattel Paper by Possession or Control
- 26-1-9.1-315. Secured Party's Rights on Disposition of Collateral and in Proceeds
- 26-1-9.1-316. Continued Perfection of Security Interest Following Change in Governing Law
- 26-1-9.1-317. Interests That Take Priority Over or Take Free of Unperfected Security Interest or Agricultural Lien
- 26-1-9.1-318. No Interest Retained in Right to Payment That Is Sold; Rights and Title of Seller of Account or Chattel Paper With Respect to Creditors and Purchasers
- 26-1-9.1-319. Rights and Title of Consignee With Respect to Creditors and Purchasers
- 26-1-9.1-320. Buyer of Goods
- 26-1-9.1-321. Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business
- 26-1-9.1-322. Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral
- 26-1-9.1-323. Future Advances
- 26-1-9.1-324. Priority of Purchase-Money Security Interests
- 26-1-9.1-325. Priority of Security Interests in Transferred Collateral
- 26-1-9.1-326. Priority of Security Interests Created by New Debtor
- 26-1-9.1-326.1. Priority of Security Interest in Controllable Account, Controllable Electronic Record, or Controllable Payment Intangible
- 26-1-9.1-327. Priority of Security Interests in Deposit Account
- 26-1-9.1-328. Priority of Security Interests in Investment Property
- 26-1-9.1-329. Priority of Security Interests in Letter-of-Credit Rights
- 26-1-9.1-330. Priority of Purchases of Chattel Paper or Instrument
- 26-1-9.1-331. Priority of Rights of Holders or Purchasers; Persons Protected Against Adverse Claims; Filing Not Considered Notice of Claim or Defense
- 26-1-9.1-332. Transferee of Money or of Funds From a Deposit Account
- 26-1-9.1-333. Priority of Certain Liens Arising by Operation of Law
- 26-1-9.1-334. Priority of Security Interests in Fixtures and Crops
- 26-1-9.1-335. Accessions
- 26-1-9.1-336. Commingled Goods
- 26-1-9.1-337. Priority of Security Interests in Goods Covered by Certificate of Title
- 26-1-9.1-338. Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information
- 26-1-9.1-339. Priority Subject to Subordination
- 26-1-9.1-340. Effectiveness of Right of Recoupment or Setoff Against Deposit Account
- 26-1-9.1-341. Bank's Rights and Duties With Respect to Deposit Account Subject to Security Interest
- 26-1-9.1-342. Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement
- 26-1-9.1-401. Alienability of Debtor's Rights
- 26-1-9.1-402. Secured Party Not Obligated on Contract of Debtor or in Tort
- 26-1-9.1-403. Agreement Not to Assert Defenses Against Assignee
- 26-1-9.1-404. Rights Acquired by Assignee; Claims and Defenses Against Assignee
- 26-1-9.1-405. Modification of Assigned Contract
- 26-1-9.1-406. Accounts, Chattel Paper, and Payment Intangibles; Notification of Assignment; Discharge of Account Debtor's Obligation; Proof of Assignment; Restrictions on Assignment Ineffective; Exceptions
- 26-1-9.1-407. Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest
- 26-1-9.1-408. Promissory Notes, Health Care Insurance Receivables, and General Intangibles; Restrictions on Assignment or Security Interest Ineffective; Exception
- 26-1-9.1-409. Restrictions on Assignment of Letter-of-Credit Rights Ineffective
- 26-1-9.1-501. Filing Office
- 26-1-9.1-502. Contents of Financing Statement; Record of Mortgage as Financing Statement; Time of Filing Financing Statement
- 26-1-9.1-503. Name of Debtor and Secured Party
- 26-1-9.1-504. Indication of Collateral
- 26-1-9.1-505. Filing and Compliance With Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions
- 26-1-9.1-506. Effect of Errors or Omissions
- 26-1-9.1-507. Effect of Certain Events on Effectiveness of Financing Statement
- 26-1-9.1-508. Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement
- 26-1-9.1-509. Persons Entitled to File Initial Financing Statement or Amendment
- 26-1-9.1-510. Effectiveness of Filed Record
- 26-1-9.1-511. Secured Party of Record
- 26-1-9.1-512. Amendment of Financing Statement
- 26-1-9.1-513. Termination Statement for Financing Statement
- 26-1-9.1-514. Assignment of Powers of Secured Party of Record
- 26-1-9.1-515. Duration and Effectiveness of Financing Statement; Effect of Lapsed Financing Statement
- 26-1-9.1-516. What Constitutes Filing; Effectiveness of Filing
- 26-1-9.1-517. Effect of Indexing Errors
- 26-1-9.1-518. Claim Concerning Inaccurate or Wrongfully Filed Record
- 26-1-9.1-519. Numbering, Maintaining, and Indexing Records; Communicating Information Provided in Records
- 26-1-9.1-520. Acceptance and Refusal to Accept Record
- 26-1-9.1-521. Written Record Filing; Format
- 26-1-9.1-522. Maintenance and Destruction of Records
- 26-1-9.1-523. Information From Filing Office; Sale or License of Records
- 26-1-9.1-524. Delay by Filing Office
- 26-1-9.1-525. Fees
- 26-1-9.1-526. Filing—office Rules
- 26-1-9.1-527. Duty to Report
- 26-1-9.1-601. Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes
- 26-1-9.1-602. Waiver and Variance of Rights and Duties
- 26-1-9.1-603. Agreement on Standards Concerning Rights and Duties
- 26-1-9.1-604. Procedure if Security Agreement Covers Real Property or Fixtures
- 26-1-9.1-605. Unknown Debtor or Secondary Obligor; No Duty Owed by Secured Party; Exception for Controllable Account, Controllable Electronic Record, or Controllable Payment Intangible
- 26-1-9.1-606. Time of Default for Agricultural Lien
- 26-1-9.1-607. Collection and Enforcement by Secured Party
- 26-1-9.1-608. Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus
- 26-1-9.1-609. Secured Party's Right to Take Possession After Default
- 26-1-9.1-610. Disposition of Collateral After Default
- 26-1-9.1-611. Notification by Secured Party of Disposition of Collateral
- 26-1-9.1-612. Timeliness of Notification Before Disposition of Collateral
- 26-1-9.1-613. Contents and Form of Notification Before Disposition of Collateral; Transaction Other Than Consumer-Goods Transaction
- 26-1-9.1-614. Contents and Form of Notification Before Disposition of Collateral; Consumer Goods Transaction
- 26-1-9.1-615. Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus
- 26-1-9.1-616. Explanation of Calculation of Surplus or Deficiency
- 26-1-9.1-617. Rights of Transferee of Collateral
- 26-1-9.1-618. Rights and Duties of Certain Secondary Obligors
- 26-1-9.1-619. Transfer of Record or Legal Title to Collateral
- 26-1-9.1-620. Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral
- 26-1-9.1-621. Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Notification of Proposal
- 26-1-9.1-622. Effect of Acceptance of Collateral
- 26-1-9.1-623. Right to Redeem Collateral
- 26-1-9.1-624. Debtor's or Secondary Obligor's Waiver of Rights Regarding Disposition or Redemption of Collateral
- 26-1-9.1-625. Remedies for Secured Party's Failure to Comply With Chapter
- 26-1-9.1-626. Action in Which Deficiency or Surplus Is in Issue
- 26-1-9.1-627. Determination of Whether Conduct Was Commercially Reasonable
- 26-1-9.1-628. Nonliability and Limitation on Liability of Secured Party; Exception for Controllable Accounts, Controllable Electronic Records, and Controllable Payment Intangibles
- 26-1-9.1-701. Effective Date
- 26-1-9.1-702. Savings Clause
- 26-1-9.1-703. Security Interest Perfected Before Effective Date
- 26-1-9.1-704. Security Interest Unperfected Before Effective Date
- 26-1-9.1-705. Effectiveness of Action Taken Before Effective Date
- 26-1-9.1-706. Filing of Initial Financing Statement; Effectiveness of Financing Statement
- 26-1-9.1-707. Pre-Effective-Date Financing Statement
- 26-1-9.1-708. Persons Entitled to File Initial Financing Statement or Continuation Statement
- 26-1-9.1-709. Priority
- 26-1-9.1-801. Transactions or Liens Entered Into or Created Before July 1, 2013
- 26-1-9.1-802. Security Interest Perfected Before July 1, 2013
- 26-1-9.1-803. Security Interest Unperfected Before July 1, 2013
- 26-1-9.1-804. Effectiveness of Action Taken Before July 1, 2013
- 26-1-9.1-805. When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement
- 26-1-9.1-806. Amendment of Financing Statement Filed Before July 1, 2013
- 26-1-9.1-807. Person Entitled to File Initial Financing Statement or Continuation Statement
- 26-1-9.1-808. Priority
- 26-1-9.1-901. Refusal to Accept Financing Statements; Fraudulent Financing Statements; No Duty to Inspect Financing Statements
- 26-1-9.1-902. Judicial Reviews of Financing Statements; Pro Se Motions
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