Indiana § 26-1-9.1-337 Priority of security interests in goods covered by certificate of title

Indiana Statutes

§ 26-1-9.1-337 — Priority of security interests in goods covered by certificate of title

Indiana § 26-1-9.1-337

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-337 (Priority of security interests in goods covered by certificate of title) 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 § 26-1-9.1-337 (2026).

Text

If, while a security interest in goods is perfected by any method under the law of another jurisdiction, this state issues a certificate of title that does not show that the goods are subject to the security interest or contain a statement that they may be subject to security interests not shown on the certificate:

(1)a buyer of the goods, other than a person in the business of selling goods of that kind, takes free of the security interest if the buyer gives value and receives delivery of the goods after issuance of the certificate and without knowledge of the security interest; and

(2)the security interest is subordinate to a conflicting security interest in the goods that attaches, and is perfected under IC 26-1-9.1-311(b), after issuance of the certificate and without the conflicting

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If, while a security interest in goods is
perfected by any method under the law of another jurisdiction, this
state issues a certificate of title that does not show that the goods are
subject to the security interest or contain a statement that they may be
subject to security interests not shown on the certificate:
(1) a buyer of the goods, other than a person in the business of
selling goods of that kind, takes free of the security interest if the
buyer gives value and receives delivery of the goods after
issuance of the certificate and without knowledge of the security
interest; and
(2) the security interest is subordinate to a conflicting security
interest in the goods that attaches, and is perfected under IC 26-1-9.1-311(b), after issuance of the certificate and without the
conflicting secured party's knowledge of the security interest.