Indiana § 26-1-9.1-709 Priority

Indiana Statutes

§ 26-1-9.1-709 — Priority

Indiana § 26-1-9.1-709

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-709 (Priority) 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 § 26-1-9.1-709 (2026).

Text

(a)IC 26-1-9, before its repeal, determines the priority of conflicting claims to collateral if the relative priorities of the claims were established before IC 26-1-9.1 takes effect. In other cases, IC 26-1-9.1 determines priority.

(b)For purposes of IC 26-1-9.1-322(a), the priority of a security interest that becomes enforceable under IC 26-1-9.1-203 dates from the time IC 26-1-9.1 takes effect if the security interest is perfected under IC 26-1-9.1 by the filing of a financing statement before IC 26-1-9.1 takes effect which would not have been effective to perfect the security interest under IC 26-1-9, before its repeal. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.

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(a) IC 26-1-9, before its repeal,
determines the priority of conflicting claims to collateral if the relative
priorities of the claims were established before IC 26-1-9.1 takes effect.
In other cases, IC 26-1-9.1 determines priority.
(b) For purposes of IC 26-1-9.1-322(a), the priority of a security
interest that becomes enforceable under IC 26-1-9.1-203 dates from the
time IC 26-1-9.1 takes effect if the security interest is perfected under
IC 26-1-9.1 by the filing of a financing statement before IC 26-1-9.1
takes effect which would not have been effective to perfect the security
interest under IC 26-1-9, before its repeal. This subsection does not
apply to conflicting security interests each of which is perfected by the
filing of such a financing statement.