Indiana Statutes

§ 26-1-9.1-314.1 — Perfection of security interest in chattel paper by possession or control

Indiana § 26-1-9.1-314.1
JurisdictionIndiana
Title 26COMMERCIAL LAW
Art. 1UNIFORM COMMERCIAL CODE
Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-314.1 (Perfection of security interest in chattel paper by possession or control) 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 § 26-1-9.1-314.1 (2026).

Text

1.

(a)A secured party may perfect a security interest in chattel paper by taking possession of each authoritative tangible copy of the record evidencing the chattel paper and obtaining control of each authoritative electronic copy of the electronic record evidencing the chattel paper.
(b)A security interest is perfected under subsection (a) not earlier than the time the secured party takes possession and obtains control, and remains perfected under subsection (a) only while the secured party retains possession and control.
(c)Section 313(c) of this chapter and section 313(f) through 313(i) of this chapter apply to perfection by possession of an authoritative tangible copy of a record evidencing chattel paper.

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Legislative History

As added by P.L.199-2023, SEC.60. Amended by P.L.9-2024, SEC.477.

Nearby Sections

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Bluebook (online)
Indiana § 26-1-9.1-314.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-9.1-314.1.