Indiana Code
Chapter 9.1. Secured Transactions
26-1-9.1-102.5. "Take Free"; "Takes Free"; "Takes the Money Free"; "Takes the Funds Free"

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

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 Electronic Chattel Paper

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

26-1-9.1-108. 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; Proceeds; Supporting Obligations; Formal Requisites

26-1-9.1-204. After-Acquired Property; Future Advances

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 and Priority of Security Interests

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 and Priority of Security Interests in Deposit Accounts

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

26-1-9.1-307. 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

26-1-9.1-315. 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

26-1-9.1-327. 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. Transfer of Money; Transfer of Funds From 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

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. Discharge of Account Debtor; Notification of Assignment; Identification and Proof of Assignment; Restrictions on Assignment of Accounts, Chattel Paper, Payment Intangibles, and Promissory Notes Ineffective

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. Restrictions on Assignment of Promissory Notes, Health Care Insurance Receivables, and Certain General Intangibles Ineffective

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 a Record

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

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

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 Before 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; General

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

26-1-9.1-620. Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral

26-1-9.1-621. Notification of Proposal to Accept Collateral

26-1-9.1-622. Effect of Acceptance of Collateral

26-1-9.1-623. Right to Redeem Collateral

26-1-9.1-624. Waiver

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; Liability of Secondary Obligor

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