26-1-9.1-327. Priority of Security Interests in Deposit Account
Sec. 327. The following rules govern priority among conflicting security interests in the same deposit account: (1) A security interest held by a secured party having control of the deposit account under IC 26-1-9.1-104 has priority over a conflicting security interest held by a secured party that does not have control. (2) Except as otherwise […]
26-1-9.1-328. Priority of Security Interests in Investment Property
Sec. 328. The following rules govern priority among conflicting security interests in the same investment property: (1) A security interest held by a secured party having control of investment property under IC 26-1-9.1-106 has priority over a security interest held by a secured party that does not have control of the investment property. (2) Except […]
26-1-9.1-329. Priority of Security Interests in Letter-of-Credit Rights
Sec. 329. The following rules govern priority among conflicting security interests in the same letter-of-credit right: (1) A security interest held by a secured party having control of the letter-of-credit right under IC 26-1-9.1-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not […]
26-1-9.1-330. Priority of Purchases of Chattel Paper or Instrument
Sec. 330. (a) A purchaser of chattel paper has priority over a security interest in the chattel paper which is claimed merely as proceeds of inventory subject to a security interest if: (1) in good faith and in the ordinary course of the purchaser’s business, the purchaser gives new value and takes possession of the […]
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 of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, a protected purchaser of a security, or a qualifying purchaser (as defined in IC 26-1-11-106) of a controllable account, controllable electronic record, […]
26-1-9.1-332. Transfer of Money; Transfer of Funds From Deposit Account
Sec. 332. (a) A transferee of money takes the money free of a security interest unless the transferee acts in collusion with the debtor in violating the rights of the secured party. (b) A transferee of funds from a deposit account takes the funds free of a security interest in the deposit account unless the […]
26-1-9.1-333. Priority of Certain Liens Arising by Operation of Law
Sec. 333. (a) In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien: (1) that secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course of the person’s business; (2) that is created by statute […]
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 be created in goods that are fixtures or may continue in goods that become fixtures. A security interest does not exist under IC 26-1-9.1 in ordinary building materials incorporated into an improvement on land. (b) IC 26-1-9.1 does not prevent creation of an encumbrance upon […]
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), for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee has rights and title to the goods identical to those the consignor had or had […]
26-1-9.1-335. Accessions
Sec. 335. (a) A security interest may be created in an accession and continues in collateral that becomes an accession. (b) If a security interest is perfected when the collateral becomes an accession, the security interest remains perfected in the collateral. (c) Except as otherwise provided in subsection (d), the other provisions of IC 26-1-9.1-301 […]