Indiana Statutes

§ 26-1-9.1-106 — Control of investment property

Indiana § 26-1-9.1-106
JurisdictionIndiana
Title 26COMMERCIAL LAW
Art. 1UNIFORM COMMERCIAL CODE
Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-106 (Control of investment property) 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 § 26-1-9.1-106 (2026).

Text

(a)A person has control of a certificated security, uncertificated security, or security entitlement as provided in IC 26-1-8.1-106.
(b)A secured party has control of a commodity contract if:
(1)the secured party is the commodity intermediary with which the commodity contract is carried; or
(2)the commodity customer, secured party, and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer.
(c)A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account.

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Related

In Re Wright Group, Inc.
443 B.R. 795 (N.D. Indiana, 2011)
2 case citations

Legislative History

As added by P.L.57-2000, SEC.45.

Nearby Sections

15
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Bluebook (online)
Indiana § 26-1-9.1-106, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-9.1-106.