Indiana Statutes
§ 26-1-3.1-117 — Other agreements affecting instrument
Indiana § 26-1-3.1-117
This text of Indiana § 26-1-3.1-117 (Other agreements affecting instrument) 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 § 26-1-3.1-117 (2026).
Text
Subject to applicable law regarding
exclusion of proof of contemporaneous or previous agreements, the
obligation of a party to an instrument to pay the instrument may be
modified, supplemented, or nullified by a separate agreement of the
obligor and a person entitled to enforce the instrument, if the
instrument is issued or the obligation is incurred in reliance on the
agreement or as part of the same transaction giving rise to the
agreement. To the extent an obligation is modified, supplemented, or
nullified by an agreement under this section, the agreement is a defense
to the obligation.
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Related
Cruisin', Inc., d/b/a Cruisin' Auto Sales v. Springleaf Financial Services of Indiana, Inc., f/k/a American General Financial Services
12 N.E.3d 889 (Indiana Court of Appeals, 2014)
Legislative History
As added by P.L.222-1993, SEC.5.
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Repealed§ 26-1-1-106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
SeverabilityCite This Page — Counsel Stack
Bluebook (online)
Indiana § 26-1-3.1-117, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-3.1-117.