Indiana § 26-1-9.1-110 Security interests arising under IC 26-1-2 or IC 26-1-2.1

Indiana Statutes

§ 26-1-9.1-110 — Security interests arising under IC 26-1-2 or IC 26-1-2.1

Indiana § 26-1-9.1-110

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-110 (Security interests arising under IC 26-1-2 or IC 26-1-2.1) 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 § 26-1-9.1-110 (2026).

Text

A security interest arising under IC 26-1-2-401, IC 26-1-2-505, IC 26-1-2-711(3), or IC 26-1-2.1-508(5) is subject to IC 26-1-9.1. However, until the debtor obtains possession of the goods:

(1)the security interest is enforceable, even if IC 26-1-9.1-203(b)(3) has not been satisfied;

(2)filing is not required to perfect the security interest;

(3)the rights of the secured party after default by the debtor are governed by IC 26-1-2 or IC 26-1-2.1; and

(4)the security interest has priority over a conflicting security interest created by the debtor.

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A security interest arising under IC 26-1-2-401, IC 26-1-2-505, IC 26-1-2-711(3), or IC 26-1-2.1-508(5) is
subject to IC 26-1-9.1. However, until the debtor obtains possession of
the goods:
(1) the security interest is enforceable, even if IC 26-1-9.1-203(b)(3) has not been satisfied;
(2) filing is not required to perfect the security interest;
(3) the rights of the secured party after default by the debtor are
governed by IC 26-1-2 or IC 26-1-2.1; and
(4) the security interest has priority over a conflicting security
interest created by the debtor.