Indiana Code
Chapter 1. General Provisions
26-1-1-204. Time; Reasonable Time; "Seasonably"

Sec. 204. (1) Whenever IC 26-1 requires any action to be taken within a reasonable time, any time which is not manifestly unreasonable may be fixed by agreement.
(2) What is a reasonable time for taking any action depends on the nature, purpose, and circumstances of such action.
(3) An action is taken "seasonably" when it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.
Formerly: Acts 1963, c.317, s.1-204. As amended by P.L.152-1986, SEC.117.

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Structure Indiana Code

Indiana Code

Title 26. Commercial Law

Article 1. Uniform Commercial Code

Chapter 1. General Provisions

26-1-1-0.2. Transactions Entered Into After July 1, 1964, and Before January 1, 1986; Status of Certain Perfected Security Interests

26-1-1-0.3. Certain Security Interests Considered Perfected

26-1-1-0.4. Status of Certain Financing Statements and Continuation Statements; Effectiveness of Certain Financing Statements; Requirement for New Financing Statements; Status of Records of Certain Real Estate Mortgages

26-1-1-0.5. Status of Certain Security Interests; Conditions; Lapsing of Perfection; Filing of Financing Statements

26-1-1-0.6. Application of Article to Certain Questions of Priority; Exceptions