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.
26-2-3-6. Negotiability of Notes Payable to Order or Bearer in a Bank
Sec. 6. Notes payable to order or bearer in a bank in this state shall be negotiable as inland bills of exchange, and the payees and endorsees thereof may recover as in case of such bills. Formerly: Acts 1861, c.75, s.6.
26-2-3-7. Damages Payable on Protest for Nonpayment or Nonacceptance of Bill of Exchange
Sec. 7. Damages payable on protest for nonpayment or nonacceptance of a bill of exchange, drawn or negotiated within this state, shall be, if drawn upon any person at any place out of this state, but within the United States, five per cent (5%), but if upon any person at any place without the United […]
26-1-9.1-804. Effectiveness of Action Taken Before July 1, 2013
Sec. 804. (a) The filing of a financing statement before the amendments to this chapter made by P.L.54-2011 take effect (July 1, 2013) is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this chapter, as amended by P.L.54-2011. (b) The amendments to this chapter […]
26-1-11-104. “Controllable Electronic Record”
Sec. 104. (a) As used in this chapter, “controllable electronic record” means a record stored in an electronic medium that can be subjected to control under section 108 of this chapter. (b) The term does not include: (1) a deposit account; (2) an electronic copy of a record evidencing chattel paper; (3) an electronic document […]
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 in the office specified in IC 26-1-9.1-501 continues the effectiveness of a financing statement filed before the amendments to this chapter made by P.L.54-2011 take effect (July 1, 2013) if: (1) the filing of an initial financing statement in that office would be effective to […]
26-1-11-105. “Controllable Payment Intangible”
Sec. 105. As used in this chapter, “controllable payment intangible” means a payment intangible evidenced by a controllable electronic record that provides that the account debtor undertakes to pay the person that, under section 108 of this chapter, has control of the controllable electronic record. As added by P.L.110-2022, SEC.7.
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 a financing statement filed before the amendments to this chapter made by P.L.54-2011 take effect (July 1, 2013). (b) After the amendments to this chapter made by P.L.54-2011 take effect (July 1, 2013), a person may add or delete collateral covered by, continue or terminate […]
26-1-11-106. “Qualifying Purchaser”
Sec. 106. As used in this chapter, “qualifying purchaser”, with respect to a controllable electronic record, means a purchaser that obtains control of the controllable electronic record for value and without notice of any adverse claim. As added by P.L.110-2022, SEC.7.