Indiana § 26-1-12.5-305 Determination of priority of conflicting claims to collateral

Indiana Statutes

§ 26-1-12.5-305 — Determination of priority of conflicting claims to collateral

Indiana § 26-1-12.5-305

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 12.5Transitional Provisions For Uniform Commercial

This text of Indiana § 26-1-12.5-305 (Determination of priority of conflicting claims to collateral) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-12.5-305 (2026).

Text

(a)Subject to subsections (b) and (c), the act determines the priority of conflicting claims to collateral.

(b)Subject to subsection (c), if the priorities of claims to collateral were established before July 1, 2023, IC 26-1-9.1 as in effect before July 1, 2023, determines priority.

(c)On the adjustment date, to the extent the priorities determined by IC 26-1-9.1, as amended by the act, modify the priorities established before July 1, 2023, the priorities of claims to chapter 12 property established before July 1, 2023, cease to apply.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Subject to subsections (b) and (c),
the act determines the priority of conflicting claims to collateral.
(b) Subject to subsection (c), if the priorities of claims to collateral
were established before July 1, 2023, IC 26-1-9.1 as in effect before
July 1, 2023, determines priority.
(c) On the adjustment date, to the extent the priorities determined
by IC 26-1-9.1, as amended by the act, modify the priorities established
before July 1, 2023, the priorities of claims to chapter 12 property
established before July 1, 2023, cease to apply.