26-2-7-2. Financial Institution
Sec. 2. (a) As used in this chapter, “financial institution” refers to a financial institution (as defined in IC 28-1-1-3). (b) The term does not include a person licensed under IC 24-4.5. As added by P.L.42-1993, SEC.18. Amended by P.L.10-2006, SEC.24 and P.L.57-2006, SEC.24; P.L.213-2007, SEC.33; P.L.217-2007, SEC.31.
26-2-7-3. Notice of Nonpayment
Sec. 3. For purposes of this chapter, notice that a check has not been paid by a financial institution is considered as having been given at the time that the notice was deposited in the regular United States mail, if the notice was addressed to either of the following: (1) The address printed on the […]
26-2-7-4. Liability for Stopping Payment or Permitting Dishonor of Checks
Sec. 4. Subject to section 8 of this chapter, a person found liable under other applicable law is liable under this chapter to the holder of a check if the person executed and delivered the check to another person drawn on or payable at a financial institution and the person does either of the following: […]
26-2-7-5. Extent of Liability for Stopping Payment or Permitting Dishonor of Checks
Sec. 5. A person liable under section 4 of this chapter is also liable for all of the following: (1) Interest at the rate of eighteen percent (18%) per annum on the face amount of the check from the date of the check’s execution until payment is made in full. (2) Court costs incurred in […]
26-2-2-3. Duty to Receipt for Payments Made
Sec. 3. It shall be the duty of the holder of any mortgage on household goods, or the agent of such holder or mortgagee whose duty it is to receive money on such mortgage, when any money, check or anything taken in payment on such mortgage or interest due thereon, is received by them from […]
26-2-3-1. Negotiability by Endorsement
Sec. 1. All promissory notes, bills of exchange, bonds or other instruments in writing, signed by any person who promises to pay money, or acknowledges money to be due, or for the delivery of a specific article, or to convey property, or to perform any stipulation therein mentioned, shall be negotiable by endorsement thereon, so […]
26-2-3-2. Assignee’s Right of Action
Sec. 2. The assignee of any such instrument may, in his own name, recover against the person who made the same. Formerly: Acts 1861, c.75, s.2.
26-2-3-3. Availability of Defense or Set-Off Against Assignee
Sec. 3. Whatever defense or setoff the maker of any such instrument had, before notice of assignment, against an assignor, or against the original payee, he shall have also against their assignees. Formerly: Acts 1861, c.75, s.3.
26-2-3-4. Assignee’s Right of Action Against Endorsers; Defenses
Sec. 4. Any such assignee, having used due diligence in the premises, shall have his action against his immediate or any remote endorser, and in suit against a remote endorser, he shall have any defense which he might have had in a suit brought by his immediate assignee. Formerly: Acts 1861, c.75, s.4.
26-2-3-5. Construction of Law
Sec. 5. The provisions of sections 3 and 4 of this chapter shall not alter the law relative to bills of exchange as it exists on July 5, 1861. Formerly: Acts 1861, c.75, s.5. As amended by P.L.152-1986, SEC.303.