Indiana Code
Title 26. Commercial Law
Article 1. Uniform Commercial Code

26-1-9.1-107.1. Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible - Sec. 107.1. (a) A secured party has control of a...

26-1-9.1-203. Attachment and Enforceability of Security Interest; Proceeds; Supporting Obligations; Formal Requisites - Sec. 203. (a) A security interest attaches to collateral when...

26-1-9.1-204. After-Acquired Property; Future Advances - Sec. 204. (a) Except as otherwise provided in subsection (b),...

26-1-9.1-205. Use or Disposition of Collateral Permissible - Sec. 205. (a) A security interest is not invalid or...

26-1-9.1-206. Security Interest Arising in Purchase or Delivery of Financial Asset - Sec. 206. (a) A security interest in favor of a...

26-1-9.1-207. Rights and Duties of Secured Party Having Possession or Control of Collateral - Sec. 207. (a) Except as otherwise provided in subsection (d),...

26-1-9.1-208. Additional Duties of Secured Party Having Control of Collateral - Sec. 208. (a) This section applies to cases in which...

26-1-9.1-209. Duties of Secured Party if Account Debtor Has Been Notified of Assignment - Sec. 209. (a) Except as otherwise provided in subsection (c),...

26-1-9.1-210. Request for Accounting; Request Regarding List of Collateral or Statement of Account - Sec. 210. (a) In this section the following definitions apply:...

26-1-9.1-301. Law Governing Perfection and Priority of Security Interests - Sec. 301. Except as otherwise provided in IC 26-1-9.1-303 through...

26-1-9.1-302. Law Governing Perfection and Priority of Agricultural Liens - Sec. 302. While farm products are located in a jurisdiction,...

26-1-9.1-303. Law Governing Perfection and Priority of Security Interests in Goods Covered by a Certificate of Title - Sec. 303. (a) This section applies to goods covered by...

26-1-9.1-304. Law Governing Perfection and Priority of Security Interests in Deposit Accounts - Sec. 304. (a) The local law of a bank's jurisdiction...

26-1-9.1-305. Law Governing Perfection and Priority of Security Interests in Investment Property - Sec. 305. (a) Except as otherwise provided in subsection (c),...

26-1-9.1-306. Law Governing Perfection and Priority of Security Interests in Letter-of-Credit Rights - Sec. 306. (a) Subject to subsection (c), the local law...

26-1-9.1-307. Location of Debtor - Sec. 307. (a) In this section, "place of business" means...

26-1-9.1-308. When Security Interest or Agricultural Lien Is Perfected; Continuity of Perfection - Sec. 308. (a) Except as otherwise provided in this section...

26-1-9.1-309. Security Interest Perfected Upon Attachment - Sec. 309. The following security interests are perfected when they...

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 - Sec. 310. (a) Except as otherwise provided in subsection (b)...

26-1-9.1-311. Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties - Sec. 311. (a) Except as otherwise provided in subsection (d),...

26-1-9.1-312. Perfection by Permissive Filing; Perfection Only by Control or Possession; Temporary Perfection Without Filing or Transfer of Possession - Sec. 312. (a) A security interest in chattel paper, controllable...

26-1-9.1-313. When Possession by or Delivery to Secured Party Perfects Security Interest Without Filing - Sec. 313. (a) Except as otherwise provided in subsection (b),...

26-1-9.1-314. Perfection by Control - Sec. 314. (a) A security interest in controllable accounts, controllable...

26-1-9.1-315. Secured Party's Rights on Disposition of Collateral and in Proceeds - Sec. 315. (a) Except as otherwise provided in IC 26-1-9.1...

26-1-9.1-316. Continued Perfection of Security Interest Following Change in Governing Law - Sec. 316. (a) A security interest perfected pursuant to the...

26-1-9.1-317. Interests That Take Priority Over or Take Free of Unperfected Security Interest or Agricultural Lien - Sec. 317. (a) A security interest or agricultural lien is...

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 - Sec. 318. (a) A debtor that has sold an account,...

26-1-9.1-319. Rights and Title of Consignee With Respect to Creditors and Purchasers - Sec. 319. (a) Except as otherwise provided in subsection (b),...

26-1-9.1-320. Buyer of Goods - Sec. 320. (a) Except as otherwise provided in this subsection...

26-1-9.1-321. Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business - Sec. 321. (a) In this section, "licensee in ordinary course...

26-1-9.1-322. Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral - Sec. 322. (a) Except as otherwise provided in this section,...

26-1-9.1-323. Future Advances - Sec. 323. (a) Except as otherwise provided in subsection (c),...

26-1-9.1-324. Priority of Purchase-Money Security Interests - Sec. 324. (a) Except as otherwise provided in subsection (g),...

26-1-9.1-325. Priority of Security Interests in Transferred Collateral - Sec. 325. (a) Except as otherwise provided in subsection (b),...

26-1-9.1-326. Priority of Security Interests Created by New Debtor - Sec. 326. (a) Subject to subsection (b), a security interest...

26-1-9.1-327. Priority of Security Interests in Deposit Account - Sec. 327. The following rules govern priority among conflicting security...

26-1-9.1-328. Priority of Security Interests in Investment Property - Sec. 328. The following rules govern priority among conflicting security...

26-1-9.1-329. Priority of Security Interests in Letter-of-Credit Rights - Sec. 329. The following rules govern priority among conflicting security...

26-1-9.1-330. Priority of Purchases of Chattel Paper or Instrument - Sec. 330. (a) A purchaser of chattel paper has priority...

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 - Sec. 331. (a) This article does not limit the rights...

26-1-9.1-332. Transfer of Money; Transfer of Funds From Deposit Account - Sec. 332. (a) A transferee of money takes the money...

26-1-9.1-333. Priority of Certain Liens Arising by Operation of Law - Sec. 333. (a) In this section, "possessory lien" means an...

26-1-9.1-334. Priority of Security Interests in Fixtures and Crops - Sec. 334. (a) A security interest under IC 26-1-9.1 may...

26-1-9.1-335. Accessions - Sec. 335. (a) A security interest may be created in...

26-1-9.1-336. Commingled Goods - Sec. 336. (a) As used in this section, "commingled goods"...

26-1-9.1-337. Priority of Security Interests in Goods Covered by Certificate of Title - Sec. 337. If, while a security interest in goods is...

26-1-9.1-338. Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information - Sec. 338. If a security interest or agricultural lien is...

26-1-9.1-339. Priority Subject to Subordination - Sec. 339. IC 26-1-9.1 does not preclude subordination by agreement...

26-1-9.1-340. Effectiveness of Right of Recoupment or Setoff Against Deposit Account - Sec. 340. (a) Except as otherwise provided in subsection (c),...

26-1-9.1-341. Bank's Rights and Duties With Respect to Deposit Account - Sec. 341. Except as otherwise provided in IC 26-1-9.1-340(c), and...

26-1-9.1-342. Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement - Sec. 342. IC 26-1-9.1 does not require a bank to...

26-1-9.1-401. Alienability of Debtor's Rights - Sec. 401. (a) Except as otherwise provided in subsection (b)...

26-1-9.1-402. Secured Party Not Obligated on Contract of Debtor or in Tort - Sec. 402. The existence of a security interest, agricultural lien,...

26-1-9.1-403. Agreement Not to Assert Defenses Against Assignee - Sec. 403. (a) As used in this section, "value" has...

26-1-9.1-404. Rights Acquired by Assignee; Claims and Defenses Against Assignee - Sec. 404. (a) Unless an account debtor has made an...

26-1-9.1-405. Modification of Assigned Contract - Sec. 405. (a) A modification of or substitution for an...

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 - Sec. 406. (a) Subject to subsections (b) through (i), an...

26-1-9.1-407. Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest - Sec. 407. (a) Except as otherwise provided in subsection (b),...

26-1-9.1-408. Restrictions on Assignment of Promissory Notes, Health Care Insurance Receivables, and Certain General Intangibles Ineffective - Sec. 408. (a) Except as otherwise provided in subsection (b),...

26-1-9.1-409. Restrictions on Assignment of Letter-of-Credit Rights Ineffective - Sec. 409. (a) A term in a letter-of-credit or a...

26-1-9.1-501. Filing Office - Sec. 501. (a) Except as otherwise provided in subsections (b),...

26-1-9.1-502. Contents of Financing Statement; Record of Mortgage as Financing Statement; Time of Filing Financing Statement - Sec. 502. (a) Subject to subsection (b), a financing statement...

26-1-9.1-503. Name of Debtor and Secured Party - Sec. 503. (a) A financing statement sufficiently provides the name...

26-1-9.1-504. Indication of Collateral - Sec. 504. A financing statement sufficiently indicates the collateral that...

26-1-9.1-505. Filing and Compliance With Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions - Sec. 505. (a) A consignor, lessor, or other bailor of...

26-1-9.1-506. Effect of Errors or Omissions - Sec. 506. (a) A financing statement substantially satisfying the requirements...

26-1-9.1-507. Effect of Certain Events on Effectiveness of Financing Statement - Sec. 507. (a) A filed financing statement remains effective with...

26-1-9.1-508. Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement - Sec. 508. (a) Except as otherwise provided in this section,...

26-1-9.1-509. Persons Entitled to File a Record - Sec. 509. (a) A person may file an initial financing...

26-1-9.1-510. Effectiveness of Filed Record - Sec. 510. (a) A filed record is effective only to...

26-1-9.1-511. Secured Party of Record - Sec. 511. (a) A secured party of record with respect...

26-1-9.1-512. Amendment of Financing Statement - Sec. 512. (a) Subject to IC 26-1-9.1-509, a person may...

26-1-9.1-513. Termination Statement - Sec. 513. (a) A secured party shall cause the secured...

26-1-9.1-514. Assignment of Powers of Secured Party of Record - Sec. 514. (a) Except as otherwise provided in subsection (c),...

26-1-9.1-515. Duration and Effectiveness of Financing Statement; Effect of Lapsed Financing Statement - Sec. 515. (a) Except as otherwise provided in subsections (b),...

26-1-9.1-516. What Constitutes Filing; Effectiveness of Filing - Sec. 516. (a) Except as otherwise provided in subsection (b)...

26-1-9.1-517. Effect of Indexing Errors - Sec. 517. The failure of the filing office to index...

26-1-9.1-518. Claim Concerning Inaccurate or Wrongfully Filed Record - Sec. 518. (a) A person may file in the filing...

26-1-9.1-519. Numbering, Maintaining, and Indexing Records; Communicating Information Provided in Records - Sec. 519. (a) For each record filed in a filing...

26-1-9.1-520. Acceptance and Refusal to Accept Record - Sec. 520. (a) A filing office shall refuse to accept...

26-1-9.1-521. Written Record Filing; Format - Sec. 521. Except for a reason set forth in IC...

26-1-9.1-522. Maintenance and Destruction of Records - Sec. 522. (a) The filing office shall maintain a record...

26-1-9.1-523. Information From Filing Office; Sale or License of Records - Sec. 523. (a) If a person that files a written...

26-1-9.1-524. Delay by Filing Office - Sec. 524. Delay by the filing office beyond a time...

26-1-9.1-525. Fees - Sec. 525. (a) Beginning on October 1, 2019, and except...

26-1-9.1-526. Filing—office Rules - Sec. 526. (a) The secretary of state shall adopt and...

26-1-9.1-527. Duty to Report - Sec. 527. The secretary of state shall report annually to...

26-1-9.1-601. Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes - Sec. 601. (a) After default, a secured party has the...

26-1-9.1-602. Waiver and Variance of Rights and Duties - Sec. 602. Except as otherwise provided in IC 26-1-9.1-624, to...

26-1-9.1-603. Agreement on Standards Concerning Rights and Duties - Sec. 603. (a) The parties may determine by agreement the...

26-1-9.1-604. Procedure if Security Agreement Covers Real Property or Fixtures - Sec. 604. (a) If a security agreement covers both personal...

26-1-9.1-605. Unknown Debtor or Secondary Obligor - Sec. 605. A secured party does not owe a duty...

26-1-9.1-606. Time of Default for Agricultural Lien - Sec. 606. For purposes of IC 26-1-9.1-601 through IC 26-1-9.1-628,...

26-1-9.1-607. Collection and Enforcement by Secured Party - Sec. 607. (a) If so agreed, and in any event...

26-1-9.1-608. Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus - Sec. 608. (a) If a security interest or agricultural lien...

26-1-9.1-609. Secured Party's Right to Take Possession After Default - Sec. 609. (a) After default, a secured party: (1) may...

26-1-9.1-610. Disposition of Collateral After Default - Sec. 610. (a) After default, a secured party may sell,...

26-1-9.1-611. Notification Before Disposition of Collateral - Sec. 611. (a) As used in this section, "notification date"...

26-1-9.1-612. Timeliness of Notification Before Disposition of Collateral - Sec. 612. (a) Except as otherwise provided in subsection (b),...

26-1-9.1-613. Contents and Form of Notification Before Disposition of Collateral; General - Sec. 613. Except in a consumer-goods transaction, the following rules...

26-1-9.1-614. Contents and Form of Notification Before Disposition of Collateral; Consumer Goods Transaction - Sec. 614. In a consumer-goods transaction, the following rules apply:...

26-1-9.1-615. Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus - Sec. 615. (a) A secured party shall apply or pay...

26-1-9.1-616. Explanation of Calculation of Surplus or Deficiency - Sec. 616. (a) As used in this section: (1) "Explanation"...

26-1-9.1-617. Rights of Transferee of Collateral - Sec. 617. (a) A secured party's disposition of collateral after...

26-1-9.1-618. Rights and Duties of Certain Secondary Obligors - Sec. 618. (a) A secondary obligor acquires the rights and...

26-1-9.1-619. Transfer of Record or Legal Title - Sec. 619. (a) In this section, "transfer statement" means a...

26-1-9.1-620. Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral - Sec. 620. (a) Except as otherwise provided in subsection (g),...

26-1-9.1-621. Notification of Proposal to Accept Collateral - Sec. 621. (a) A secured party that desires to accept...

26-1-9.1-622. Effect of Acceptance of Collateral - Sec. 622. (a) A secured party's acceptance of collateral in...

26-1-9.1-623. Right to Redeem Collateral - Sec. 623. (a) A debtor, any secondary obligor, or any...

26-1-9.1-624. Waiver - Sec. 624. (a) A debtor or secondary obligor may waive...

26-1-9.1-625. Remedies for Secured Party's Failure to Comply With Chapter - Sec. 625. (a) If it is established that a secured...

26-1-9.1-626. Action in Which Deficiency or Surplus Is in Issue - Sec. 626. In an action arising from a transaction in...

26-1-9.1-627. Determination of Whether Conduct Was Commercially Reasonable - Sec. 627. (a) The fact that a greater amount could...

26-1-9.1-628. Nonliability and Limitation on Liability of Secured Party; Liability of Secondary Obligor - Sec. 628. (a) Unless a secured party knows that a...

26-1-9.1-701. Effective Date - Sec. 701. IC 26-1-9.1 takes effect on July 1, 2001....

26-1-9.1-702. Savings Clause - Sec. 702. (a) Except as otherwise provided in this section...

26-1-9.1-703. Security Interest Perfected Before Effective Date - Sec. 703. (a) A security interest that is enforceable immediately...

26-1-9.1-704. Security Interest Unperfected Before Effective Date - Sec. 704. A security interest that is enforceable immediately before...

26-1-9.1-705. Effectiveness of Action Taken Before Effective Date - Sec. 705. (a) If action, other than the filing of...

26-1-9.1-706. Filing of Initial Financing Statement; Effectiveness of Financing Statement - Sec. 706. (a) The filing of an initial financing statement...

26-1-9.1-707. Pre-Effective-Date Financing Statement - Sec. 707. (a) In this section, "pre-effective-date financing statement" means...

26-1-9.1-708. Persons Entitled to File Initial Financing Statement or Continuation Statement - Sec. 708. A person may file an initial financing statement...

26-1-9.1-709. Priority - Sec. 709. (a) IC 26-1-9, before its repeal, determines the...

26-1-9.1-801. Transactions or Liens Entered Into or Created Before July 1, 2013 - Sec. 801. (a) Except as otherwise provided in this section...

26-1-9.1-802. Security Interest Perfected Before July 1, 2013 - Sec. 802. (a) A security interest that is a perfected...

26-1-9.1-803. Security Interest Unperfected Before July 1, 2013 - Sec. 803. A security interest that is an unperfected security...

26-1-9.1-804. Effectiveness of Action Taken Before July 1, 2013 - Sec. 804. (a) The filing of a financing statement before...

26-1-9.1-805. When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement - Sec. 805. (a) The filing of an initial financing statement...

26-1-9.1-806. Amendment of Financing Statement Filed Before July 1, 2013 - Sec. 806. (a) In this section, "pre-effective-date financing statement" means...

26-1-9.1-807. Person Entitled to File Initial Financing Statement or Continuation Statement - Sec. 807. A person may file an initial financing statement...

26-1-9.1-808. Priority - Sec. 808. The amendments to this chapter made by P.L.54-2011...

26-1-9.1-901. Refusal to Accept Financing Statements; Fraudulent Financing Statements; No Duty to Inspect Financing Statements - Sec. 901. (a) If a person presents a financing statement...

26-1-9.1-902. Judicial Reviews of Financing Statements; Pro Se Motions - Sec. 902. (a) A person who believes that a financing...

Chapter 10. Treatment of Inconsistent Statutes

26-1-10-101. Repealed - Formerly: Acts 1963, c.317, s.10-101. Repealed by P.L.93-1985, SEC.41.

26-1-10-102. Specific Repealer - Sec. 102. (1) To the extent that the following statutes...

26-1-10-103. Repealed - Formerly: Acts 1963, c.317, s.10-103. Repealed by P.L.93-1985, SEC.41.

26-1-10-104. Laws Not Repealed - Sec. 104. (1) IC 26-1-7 does not repeal or modify...

26-1-10-105. Repealed - Formerly: Acts 1963, c.317, s.10-105. Repealed by P.L.93-1985, SEC.41.

26-1-10-106. Repealed - Formerly: Acts 1963, c.317, s.10-106. Repealed by P.L.93-1985, SEC.41.

Chapter 11. Controllable Electronic Records

26-1-11-101. Applicability - Sec. 101. (a) This chapter applies to a transaction involving...

26-1-11-102. "Adverse Claim" - Sec. 102. As used in this chapter, "adverse claim", with...

26-1-11-103. "Controllable Account" - Sec. 103. As used in this chapter, "controllable account" means...

26-1-11-104. "Controllable Electronic Record" - Sec. 104. (a) As used in this chapter, "controllable electronic...

26-1-11-105. "Controllable Payment Intangible" - Sec. 105. As used in this chapter, "controllable payment intangible"...

26-1-11-106. "Qualifying Purchaser" - Sec. 106. As used in this chapter, "qualifying purchaser", with...

26-1-11-107. Rights in Controllable Electronic Record; Rights of Purchaser and Qualifying Purchaser; Action Based on Adverse Claim; Notice - Sec. 107. (a) Subject to subsections (b) through (e), laws...

26-1-11-108. Control of Controllable Electronic Record; Necessary Conditions; Exclusive Power - Sec. 108. (a) A person has control of a controllable...

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Indiana Code Title 26. Commercial Law Article 1. Uniform Commercial Code

Indiana Code
Title 26. Commercial Law
Article 1. Uniform Commercial Code