Indiana Statutes
§ 26-1-8.1-305 — Incomplete instructions; obligations imposed on person initiating instructions
Indiana § 26-1-8.1-305
This text of Indiana § 26-1-8.1-305 (Incomplete instructions; obligations imposed on person initiating instructions) 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 § 26-1-8.1-305 (2026).
Text
(a)If an instruction has been originated
by an appropriate person but is incomplete in any other respect, any
person may complete it as authorized and the issuer may rely on it as
completed, even though it has been completed incorrectly.
(b)Unless otherwise agreed, a person initiating an instruction
assumes only the obligations imposed by IC 26-1-8.1-108 and not an
obligation that the security will be honored by the issuer.
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Legislative History
As added by P.L.247-1995, SEC.10.
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Repealed§ 26-1-1-106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 § 26-1-8.1-305, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-8.1-305.