26-1-9.1-706. Filing of Initial Financing Statement; Effectiveness of Financing Statement
Sec. 706. (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 IC 26-1-9.1 takes effect if: (1) the filing of an initial financing statement in that office would be effective to perfect a security interest under IC 26-1-9.1; (2) the […]
26-1-9.1-707. Pre-Effective-Date Financing Statement
Sec. 707. (a) In this section, “pre-effective-date financing statement” means a financing statement filed before IC 26-1-9.1 takes effect. (b) After IC 26-1-9.1 takes effect, a person may add or delete collateral covered by, continue, or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with […]
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 or a continuation statement under IC 26-1-9.1-701 through IC 26-1-9.1-709 if: (1) the secured party of record authorizes the filing; and (2) the filing is necessary under IC 26-1-9.1-701 through IC 26-1-9.1-709: (A) to continue the effectiveness of a financing statement filed before IC 26-1-9.1 […]
26-1-9.1-621. Notification of Proposal to Accept Collateral
Sec. 621. (a) A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to: (1) any person from which the secured party has received, before the debtor consented to the acceptance, an authenticated notification of a claim of an interest in the collateral; […]
26-1-9.1-709. Priority
Sec. 709. (a) IC 26-1-9, before its repeal, determines the priority of conflicting claims to collateral if the relative priorities of the claims were established before IC 26-1-9.1 takes effect. In other cases, IC 26-1-9.1 determines priority. (b) For purposes of IC 26-1-9.1-322(a), the priority of a security interest that becomes enforceable under IC 26-1-9.1-203 […]
26-1-9.1-622. Effect of Acceptance of Collateral
Sec. 622. (a) A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures: (1) discharges the obligation to the extent consented to by the debtor; (2) transfers to the secured party all of a debtor’s rights in the collateral; (3) discharges the security interest or agricultural lien that is […]
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 through IC 26-1-9.1-808, amendments to this chapter made by P.L.54-2011 apply to a transaction or lien with its scope, even if the transaction or lien was entered into or created before the amendments to this chapter made by P.L.54-2011 take effect (July 1, 2013). (b) […]
26-1-9.1-623. Right to Redeem Collateral
Sec. 623. (a) A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) To redeem collateral, a person shall tender: (1) fulfillment of all obligations secured by the collateral; and (2) the reasonable expenses and attorney’s fees described in IC 26-1-9.1-615(a)(1). (c) A redemption may occur at any time […]
26-1-9.1-802. Security Interest Perfected Before July 1, 2013
Sec. 802. (a) A security interest that is a perfected security interest immediately before the amendments to this chapter made by P.L.54-2011 take effect (July 1, 2013) is a perfected security interest under this chapter, as amended by P.L.54-2011 if, when the amendments to this chapter made by P.L.54-2011 take effect (July 1, 2013), the […]
26-1-9.1-624. Waiver
Sec. 624. (a) A debtor or secondary obligor may waive the right to notification of disposition of collateral under IC 26-1-9.1-611 only by an agreement to that effect entered into and authenticated after default. (b) A debtor may waive the right to require disposition of collateral under IC 26-1-9.1-620(e) only by an agreement to that […]