IC 26-1-12.5-102 — Definitions; applicability of definitions concerning secured transactions; applicability of general definitions and principles of construction and interpretation
Chapter 12.5. Transitional Provisions For Uniform Commercial Code Amendments (2022)
Section text
Sec. 102. (a) In this chapter, the following terms have the following meanings: (1) The following terms have the following meanings: (A) "Act" refers to the amendments to IC 26-1 that: (i) were made during the 2023 regular session of the general assembly; and (ii) took effect July 1, 2023. (B) "Adjustment date" means July 1, 2025. (2) "Chapter 12" refers to IC 26-1-12. (3) "Chapter 12 property" means a controllable account, a controllable electronic record, or a controllable payment intangible. (b) The following definitions in other chapters of IC 26-1 apply to this chapter: "Controllable account". IC 26-1-9.1-102. "Controllable electronic record". IC 26-1-12-102. "Controllable payment intangible". IC 26-1-9.1-102. "Financing statement". IC 26-1-9.1-102. (c) IC 26-1-1 contains general definitions and principles of construction and interpretation that apply throughout this chapter.
As added by P.L.199-2023, SEC.91.
Source: official publisher (2026 edition)