Indiana Statutes
§ 26-1-2.1-403 — Retraction of anticipatory repudiation
Indiana § 26-1-2.1-403
This text of Indiana § 26-1-2.1-403 (Retraction of anticipatory repudiation) 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 § 26-1-2.1-403 (2026).
Text
(1)Until the repudiating party's next
performance is due, the repudiating party can retract the repudiation
unless, since the repudiation, the aggrieved party has canceled the lease
contract or materially changed the aggrieved party's position or
otherwise indicated that the aggrieved party considers the repudiation
final.
(2)Retraction may be by any method that clearly indicates to the
aggrieved party that the repudiating party intends to perform under the
lease contract and includes any assurance demanded under IC 26-1-2.1-401.
(3)Retraction reinstates a repudiating party's rights under a lease
contract with due excuse and allowance to the aggrieved party for any
delay occasioned by the repudiation.
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Legislative History
As added by P.L.189-1991, SEC.3.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
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Bluebook (online)
Indiana § 26-1-2.1-403, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-2.1-403.