Indiana § 26-1-9.1-617 Rights of transferee of collateral

Indiana Statutes

§ 26-1-9.1-617 — Rights of transferee of collateral

Indiana § 26-1-9.1-617

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-617 (Rights of transferee of collateral) 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 § 26-1-9.1-617 (2026).

Text

(a)A secured party's disposition of collateral after default:

(1)transfers to a transferee for value all of the debtor's rights in the collateral;

(2)discharges the security interest under which the disposition is made; and

(3)discharges any subordinate security interest or other subordinate lien.

(b)A transferee that acts in good faith takes free of the rights and interests described in subsection (a), even if the secured party fails to comply with IC 26-1-9.1 or the requirements of any judicial proceeding.

(c)If a transferee does not take free of the rights and interests described in subsection (a), the transferee takes the collateral subject to:

(1)the debtor's rights in the collateral;

(2)the security interest or agricultural lien under which the disposition is made; and

(3)an

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(a) A secured party's disposition of
collateral after default:
(1) transfers to a transferee for value all of the debtor's rights in
the collateral;
(2) discharges the security interest under which the disposition is
made; and
(3) discharges any subordinate security interest or other
subordinate lien.
(b) A transferee that acts in good faith takes free of the rights and
interests described in subsection (a), even if the secured party fails to
comply with IC 26-1-9.1 or the requirements of any judicial
proceeding.
(c) If a transferee does not take free of the rights and interests
described in subsection (a), the transferee takes the collateral subject
to:
(1) the debtor's rights in the collateral;
(2) the security interest or agricultural lien under which the
disposition is made; and
(3) any security interest or other lien.