Indiana § 26-1-2.1-217 Identification

Indiana Statutes

§ 26-1-2.1-217 — Identification

Indiana § 26-1-2.1-217

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 2.1Leases

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Bluebook

Ind. Code § 26-1-2.1-217 (2026).

Text

Identification of goods as goods to which a lease contract refers may be made at any time and in any manner explicitly agreed to by the parties. In the absence of explicit agreement, identification occurs:

(a)when the lease contract is made if the lease contract is for a lease of goods that are existing and identified;

(b)when the goods are shipped, marked, or otherwise designated by the lessor as goods to which the lease contract refers, if the lease contract is for a lease of goods that are not existing and identified; or

(c)when the young are conceived, if the lease contract is for a lease of unborn young of animals.

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Identification of goods as goods to which
a lease contract refers may be made at any time and in any manner
explicitly agreed to by the parties. In the absence of explicit agreement,
identification occurs:
(a) when the lease contract is made if the lease contract is for a
lease of goods that are existing and identified;
(b) when the goods are shipped, marked, or otherwise designated
by the lessor as goods to which the lease contract refers, if the
lease contract is for a lease of goods that are not existing and
identified; or
(c) when the young are conceived, if the lease contract is for a
lease of unborn young of animals.