Indiana Statutes
§ 26-1-9.1-102.5 — "Take free"; "takes free"; "takes the money free"; "takes the funds free"
Indiana § 26-1-9.1-102.5
This text of Indiana § 26-1-9.1-102.5 ("Take free"; "takes free"; "takes the money free"; "takes the funds free") 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 § 26-1-9.1-102.5 (2026).
Text
5.As used in this chapter, "take free",
"takes free", "takes the money free", and "takes the funds free", when
used in conjunction with a security interest in collateral which is
transferred, means that following the transfer the collateral is no longer
encumbered by the security interest and the security interest is
terminated with respect to the transferred collateral.
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Legislative History
As added by P.L.192-2003, SEC.1.
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Repealed§ 26-1-1-106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 § 26-1-9.1-102.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-9.1-102.5.