Indiana § 26-1-9.1-509 Persons entitled to file initial financing statement or amendment

Indiana Statutes

§ 26-1-9.1-509 — Persons entitled to file initial financing statement or amendment

Indiana § 26-1-9.1-509

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-509 (Persons entitled to file initial financing statement or amendment) 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 § 26-1-9.1-509 (2026).

Text

(a)A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if:

(1)the debtor authorizes the filing in a signed record or under subsection (b) or (c); or

(2)the person holds an agricultural lien that has become effective at the time of filing and the financing statement covers only collateral in which the person holds an agricultural lien.

(b)By signing or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an initial financing statement, and an amendment, covering:

(1)the collateral described in the security agreement; and

(2)property that becomes collateral under IC 26-1-9.1-315(a)(2), whether or not the security agree

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(a) A person may file an initial financing
statement, amendment that adds collateral covered by a financing
statement, or amendment that adds a debtor to a financing statement
only if:
(1) the debtor authorizes the filing in a signed record or under
subsection (b) or (c); or
(2) the person holds an agricultural lien that has become effective
at the time of filing and the financing statement covers only
collateral in which the person holds an agricultural lien.
(b) By signing or becoming bound as debtor by a security
agreement, a debtor or new debtor authorizes the filing of an initial
financing statement, and an amendment, covering:
(1) the collateral described in the security agreement; and
(2) property that becomes collateral under IC 26-1-9.1-315(a)(2),
whether or not the security agreement expressly covers proceeds.
(c) By acquiring collateral in which a security interest or agricultural
lien continues under IC 26-1-9.1-315(a)(1), a debtor authorizes the
filing of an initial financing statement, and an amendment, covering the
collateral and property that becomes collateral under IC 26-1-9.1-315(a)(2).
(d) A person may file an amendment other than an amendment that
adds collateral covered by a financing statement or an amendment that
adds a debtor to a financing statement only if:
(1) the secured party of record authorizes the filing; or
(2) the amendment is a termination statement for a financing
statement as to which the secured party of record has failed to file
or send a termination statement as required by IC 26-1-9.1-513(a)
or IC 26-1-9.1-513(c), the debtor authorizes the filing, and the
termination statement indicates that the debtor authorized it to be
filed.
(e) If there is more than one (1) secured party of record for a
financing statement, each secured party of record may authorize the
filing of an amendment under subsection (d).