Indiana Statutes
§ 26-1-4.1-201 — "Security procedure"
Indiana § 26-1-4.1-201
This text of Indiana § 26-1-4.1-201 ("Security procedure") 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 § 26-1-4.1-201 (2026).
Text
"Security procedure" means a procedure
established by agreement of a customer and a receiving bank for the
purpose of (i) verifying that a payment order or communication
amending or canceling a payment order is that of the customer, or (ii)
detecting error in the transmission or the content of the payment order
or communication. A security procedure may impose an obligation on
the receiving bank or the customer and may require the use of
algorithms or other codes, identifying words, numbers, symbols,
sounds, biometrics, encryption, callback procedures, or similar security
devices. Comparison of a signature on a payment order or
communication with an authorized specimen signature of the customer
or requiring a payment order to be sent from a known electronic mail
address, Internet protocol
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Legislative History
As added by P.L.189-1991, SEC.4. Amended by P.L.199-2023,
SEC.23.
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Repealed§ 26-1-1-106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 § 26-1-4.1-201, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-4.1-201.