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 IC 26-1-9.1-306, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral: (1) Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of […]
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 subordinate to the rights of: (1) a person entitled to priority under IC 26-1-9.1-322; and (2) except as provided in subsection (e), a person that becomes a lien creditor before the earlier of the time: (A) the security interest or agricultural lien is perfected; or […]
26-1-9.1-302. Law Governing Perfection and Priority of Agricultural Liens
Sec. 302. While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products. As added by P.L.57-2000, SEC.45.
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, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold. (b) For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold […]
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 controllable electronic record as provided for in IC 26-1-11-108. (b) A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible. As added […]
26-1-9.1-108. Sufficiency of Description
Sec. 108. (a) Except as otherwise provided in subsections (c), (d), and (e), a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described. (b) Except as otherwise provided in subsection (d), a description of collateral reasonably identifies the collateral if it identifies the […]
26-1-9.1-109. Scope
Sec. 109. (a) Except as otherwise provided in subsections (c) and (d), IC 26-1-9.1 applies to: (1) a transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract; (2) an agricultural lien; (3) a sale of accounts, chattel paper, payment intangibles, or promissory notes; (4) a consignment; (5) […]
26-1-9.1-110. Security Interests Arising Under Ic 26-1-2 or Ic 26-1-2.1
Sec. 110. A security interest arising under IC 26-1-2-401, IC 26-1-2-505, IC 26-1-2-711(3), or IC 26-1-2.1-508(5) is subject to IC 26-1-9.1. However, until the debtor obtains possession of the goods: (1) the security interest is enforceable, even if IC 26-1-9.1-203(b)(3) has not been satisfied; (2) filing is not required to perfect the security interest; (3) […]
26-1-9.1-201. General Effectiveness of Security Agreement
Sec. 201. (a) Except as otherwise provided in IC 26-1, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors. (b) A transaction subject to this article is subject to any applicable rule of law that establishes a different rule for consumers. (c) In case […]
26-1-9.1-202. Title to Collateral Immaterial
Sec. 202. Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this article with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor. As added by P.L.57-2000, SEC.45.