Indiana § 26-1-8.1-112 Creditor access to debtor's interest in a security

Indiana Statutes

§ 26-1-8.1-112 — Creditor access to debtor's interest in a security

Indiana § 26-1-8.1-112

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 8.1Investment Securities

This text of Indiana § 26-1-8.1-112 (Creditor access to debtor's interest in a security) 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 § 26-1-8.1-112 (2026).

Text

(a)The interest of a debtor in a certificated security may be reached by a creditor only by actual seizure of the security certificate by the officer making the attachment or levy, except as otherwise provided in subsection (d). However, a certificated security for which the certificate has been surrendered to the issuer may be reached by a creditor by legal process upon the issuer.

(b)The interest of a debtor in an uncertificated security may be reached by a creditor only by legal process upon the issuer at its chief executive office in the United States, except as otherwise provided in subsection (d).

(c)The interest of a debtor in a security entitlement may be reached by a creditor only by legal process upon the securities intermediary with whom the debtor's securities account is mai

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(a) The interest of a debtor in a
certificated security may be reached by a creditor only by actual seizure
of the security certificate by the officer making the attachment or levy,
except as otherwise provided in subsection (d). However, a certificated
security for which the certificate has been surrendered to the issuer
may be reached by a creditor by legal process upon the issuer.
(b) The interest of a debtor in an uncertificated security may be
reached by a creditor only by legal process upon the issuer at its chief
executive office in the United States, except as otherwise provided in
subsection (d).
(c) The interest of a debtor in a security entitlement may be reached
by a creditor only by legal process upon the securities intermediary
with whom the debtor's securities account is maintained, except as
otherwise provided in subsection (d).
(d) The interest of a debtor in a certificated security for which the
certificate is in the possession of a secured party, or in an uncertificated
security registered in the name of a secured party, or a security
entitlement maintained in the name of a secured party, may be reached
by a creditor by legal process upon the secured party.
(e) A creditor whose debtor is the owner of a certificated security,
uncertificated security, or security entitlement is entitled to aid from a
court of competent jurisdiction, by injunction or otherwise, in reaching
the certificated security, uncertificated security, or security entitlement
or in satisfying the claim by means allowed at law or in equity in regard
to property that cannot readily be reached by other legal process.