§ 26-1-9.1-519 — Numbering, maintaining, and indexing records; communicating information provided in records

Indiana § 26-1-9.1-519

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 1: UNIFORM COMMERCIAL CODE
• Ch. 9.1: Secured Transactions

Text

(a) For each record filed in a filing office,
the filing office shall:
(1) assign a unique number to the filed record;
(2) create a record that bears the number assigned to the filed
record and the date and time of filing;
(3) maintain the filed record for public inspection; and
(4) index the filed record in accordance with subsections (c), (d),
and (e).
(b) A file number must include a digit that:
(1) is mathematically derived from or related to the other digits of
the file number; and
(2) aids the filing office in determining whether a number
communicated as the file number includes a single-digit or
transpositional error.
(c) Except as otherwise provided in subsections (d) and (e), the
filing office shall:
(1) index an initial financing statement according to the name of
the debtor and index all filed records relating to the initial
financing statement in a manner that associates with one another
an initial financing statement and all filed records relating to the
initial financing statement; and
(2) index a record that provides a name of a debtor that was not
previously provided in the financing statement to which the
record relates also according to the name that was not previously
provided.
(d) If a financing statement is filed as a fixture filing or covers
as-extracted collateral or timber to be cut, the filing office shall index
it:
(1) under the names of the debtor and of each owner of record
shown on the financing statement as if they were the mortgagors
under a mortgage of the real property described; and
(2) to the extent that the law of this state provides for indexing of
records of mortgages under the name of the mortgagee, under the
name of the secured party as if the secured party were the
mortgagee thereunder, or, if indexing is by description, as if the
financing statement were a record of a mortgage of the real
property described.
(e) If a financing statement is filed as a fixture filing or covers
as-extracted collateral or timber to be cut, the filing office shall index
an assignment filed under IC 26-1-9.1-514(a) or an amendment filed
under IC 26-1-9.1-514(b):
(1) under the name of the assignor as grantor; and
(2) to the extent that the law of this state provides for indexing a
record of the assignment of a mortgage under the name of the
assignee, under the name of the assignee.
(f) The filing office shall maintain a capability:
(1) to retrieve a record by the name of the debtor and by the file
number assigned to the initial financing statement to which the
record relates; and
(2) to associate and retrieve with one another an initial financing
statement and each filed record relating to the initial financing
statement.
(g) The filing office may not remove a debtor's name from the index
until one (1) year after the effectiveness of a financing statement
naming the debtor lapses under IC 26-1-9.1-515 with respect to all
secured parties of record.
(h) The filing office shall perform the acts required by subsections
(a) through (e) at the time and in the manner prescribed by filing-office
rule, but not later than two (2) business days after the filing office
receives the record in question.
(i) Subsections (b) and (h) do not apply to a filing office described
in IC 26-1-9.1-501(a)(1).

Legislative History

As added by P.L.57-2000, SEC.45.