Indiana § 26-1-9.1-306.2 Law governing perfection, effect of perfection or nonperfection, and
priority of security interests in controllable electronic records,
controllable accounts, and controllable payment intangibles

Indiana Statutes

§ 26-1-9.1-306.2 — Law governing perfection, effect of perfection or nonperfection, and priority of security interests in controllable electronic records, controllable accounts, and controllable payment intangibles

Indiana § 26-1-9.1-306.2

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-306.2 (Law governing perfection, effect of perfection or nonperfection, and priority of security interests in controllable electronic records, controllable accounts, and controllable payment intangibles) 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 § 26-1-9.1-306.2 (2026).

Text

2.

(a)Except as provided in subsection

(b), the local law of the controllable electronic record's jurisdiction under IC 26-1-12-107(c) and IC 26-1-12-107(d) governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.

(b)The local law of the jurisdiction in which the debtor is located governs:

(1)perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and

(2)automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.

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2. (a) Except as provided in subsection
(b), the local law of the controllable electronic record's jurisdiction
under IC 26-1-12-107(c) and IC 26-1-12-107(d) governs perfection, the
effect of perfection or nonperfection, and the priority of a security
interest in a controllable electronic record and a security interest in a
controllable account or controllable payment intangible evidenced by
the controllable electronic record.
(b) The local law of the jurisdiction in which the debtor is located
governs:
(1) perfection of a security interest in a controllable account,
controllable electronic record, or controllable payment intangible
by filing; and
(2) automatic perfection of a security interest in a controllable
payment intangible created by a sale of the controllable payment
intangible.