First Regular Session 117th General Assembly (2011)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
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    HOUSE ENROLLED ACT No. 1321



     AN ACT to amend the Indiana Code concerning commercial law.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 26-1-1-201; (11)HE1321.1.1. -->
    SECTION 1. IC 26-1-1-201, AS AMENDED BY P.L.135-2009, SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 201. Subject to additional definitions contained in IC 26-1-2 through IC 26-1-10 which are applicable to specific provisions, and unless the context otherwise requires, in IC 26-1:
        (1) "Action" in the sense of a judicial proceeding includes recoupment, counterclaim, setoff, suit in equity, and any other proceedings in which rights are determined.
        (2) "Aggrieved party" means a party entitled to resort to a remedy.
        (3) "Agreement" means the bargain of the parties in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in IC 26-1-1-205. Whether an agreement has legal consequences is determined by the provisions of IC 26-1, if applicable; otherwise by the law of contracts (IC 26-1-1-103). (Compare "Contract".)
        (4) "Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company.
        (5) "Bearer" means the person:
            (A) in control of a negotiable electronic document of title; or
            (B) in possession of a negotiable instrument, a negotiable

tangible document of title, or a certificated security payable to bearer or endorsed in blank.
        (6) "Bill of lading" means a document of title evidencing the receipt of goods for shipment issued by a person engaged in the business of directly or indirectly transporting or forwarding goods. The term does not include a warehouse receipt. The term includes an airbill. "Airbill" means a document serving for air transportation as a bill of lading does for marine or rail transportation, and includes an air consignment note or air waybill.
        (7) "Branch" includes a separately incorporated foreign branch of a bank.
        (8) "Burden of establishing" a fact means the burden of persuading the triers of fact that the existence of the fact is more probable than its nonexistence.
        (9) "Buyer in ordinary course of business" means a person that buys goods in good faith without knowledge that the sale violates the rights of another person in the goods, and in the ordinary course from a person, other than a pawnbroker, in the business of selling goods of that kind. A person buys goods in the ordinary course of business if the sale to the person comports with the usual or customary practices in the kind of business in which the seller is engaged or with the seller's own usual or customary practices. A person that sells oil, gas, or other minerals at the wellhead or minehead is a person in the business of selling goods of that kind. A buyer in ordinary course of business may buy for cash, by exchange of other property, or on secured or unsecured credit, and may require goods or documents of title under a preexisting contract for sale. Only a buyer that takes possession of the goods or has a right to recover the goods from that seller under IC 26-1-2 may be a buyer in ordinary course of business. A person that acquires goods in a transfer in bulk or as security for or total or partial satisfaction of a money debt is not a buyer in ordinary course of business.
        (10) "Conspicuous". A term or clause is conspicuous when it is so written that a reasonable person against whom it is to operate ought to have noticed it. A printed heading in capitals (as: NONNEGOTIABLE BILL OF LADING) is conspicuous. Language in the body of a form is conspicuous if it is in larger or other contrasting type or color. But in a telegram any stated term is conspicuous. Whether a term or clause is conspicuous or not is for decision by the court.


        (11) "Contract" means the total legal obligation which results from the parties' agreement as affected by this Act and any other applicable rules of law. (Compare "Agreement".)
        (12) "Creditor" includes a general creditor, a secured creditor, a lien creditor and any representative of creditors, including an assignee for the benefit of creditors, a trustee in bankruptcy, a receiver in equity, and an executor or administrator of an insolvent debtor's or assignor's estate.
        (13) "Defendant" includes a person in the position of defendant in a cross-action or counterclaim.
        (14) "Delivery" means the following:
            (A) With respect to an electronic document of title, voluntary transfer of control.
            (B) With respect to instruments, tangible documents of title, chattel paper, or certificated securities, voluntary transfer of possession.
        (15) "Document of title" means a record that:
            (A) in the regular course of business or financing, is treated as adequately evidencing that the person in possession or control of the record is entitled to receive, control, hold, and dispose of the record and the goods it covers; and
            (B) purports to be issued by or addressed to a bailee and purports to cover goods in the bailee's possession which are either identified or are fungible portions of an identified mass.
        The term includes a bill of lading, transport document, dock warrant, dock receipt, warehouse receipt, or order for delivery of goods. An electronic document of title means a document of title evidenced by a record consisting of information stored in an electronic medium. A tangible document of title means a document of title evidenced by a record consisting of information that is inscribed on a tangible medium.
        (16) "Fault" means wrongful act, omission, or breach.
        (17) "Fungible" with respect to goods or securities means goods or securities of which any unit is, by nature or usage of trade, the equivalent of any other like unit. Goods which are not fungible shall be deemed fungible for the purposes of IC 26-1 to the extent that under a particular agreement or document unlike units are treated as equivalents.
        (18) "Genuine" means free of forgery or counterfeiting.
        (19) "Good faith", except as otherwise provided by IC 26-1-4 or IC 26-1-5.1, means honesty in fact and the observance of reasonable commercial standards of fair dealing.
        (20) "Holder" means:
            (A) the person in possession of a negotiable instrument that is payable either to bearer or to an identified person if the identified person is in possession of the instrument;
            (B) the person in possession of a negotiable tangible document of title if the goods are deliverable either to bearer or to the order of the person in possession; or
            (C) the person in control of a negotiable electronic document of title.
        (21) To "honor" is to pay or to accept and pay or where a credit so engages to purchase or discount a draft complying with the terms of the credit.
        (22) "Insolvency proceedings" includes any assignment for the benefit of creditors or other proceedings intended to liquidate or rehabilitate the estate of the person involved.
        (23) A person is "insolvent" who either has ceased to pay the person's debts in the ordinary course of business or cannot pay the person's debts as they become due or is insolvent within the meaning of the federal bankruptcy law.
        (24) "Money" means a medium of exchange authorized or adopted by a domestic or foreign government and includes a monetary unit of account established by an intergovernmental organization or by agreement between two (2) or more nations.
        (25) A person has "notice" of a fact when:
            (a) the person has actual knowledge of it;
            (b) the person has received a notice or notification of it; or
            (c) from all the facts and circumstances known to the person at the time in question, the person has reason to know that it exists.
        A person "knows" or has "knowledge" of a fact when the person has actual knowledge of it. "Discover" or "learn" or a word or phrase of similar import refers to knowledge rather than to reason to know. The time and circumstances under which a notice or notification may cease to be effective are not determined by IC 26-1.
        (26) A person "notifies" or "gives" a notice or notification to another by taking such steps as may be reasonably required to inform the other in ordinary course whether or not such other actually comes to know of it. A person "receives" a notice or notification when:
            (a) it comes to the person's attention; or
            (b) it is duly delivered at the place of business through which

the contract was made or at any other place held out by the person as the place for receipt of such communications.
        (27) Notice, knowledge, or a notice of notification received by an organization is effective for a particular transaction from the time when it is brought to the attention of the individual conducting that transaction and, in any event, from the time when it would have been brought to the person's attention if the organization had exercised due diligence. An organization exercises due diligence if it maintains reasonable routines for communicating significant information to the person conducting the transaction and there is reasonable compliance with the routines. Due diligence does not require an individual acting for the organization to communicate information unless such communication is part of the person's regular duties or unless the person has reason to know of the transaction and that the transaction would be materially affected by the information.
        (28) "Organization" includes a corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, two (2) or more persons having a joint or common interest, or any other legal or commercial entity.
        (29) "Party", as distinct from "third party", means a person who has engaged in a transaction or made an agreement within IC 26-1.
        (30) "Person" includes an individual or an organization. (See IC 26-1-1-102.)
        (31) "Presumption" or "presumed" means that the trier of fact must find the existence of the fact presumed unless and until evidence is introduced which would support a finding of its nonexistence.
        (32) "Purchase" includes taking by sale, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift, or any other voluntary transaction creating an interest in property.
        (33) "Purchaser" means a person who takes by purchase.
        (33a) "Registered mail" includes certified mail.
        (33b) "Record", except as used in IC 26-1-1.5-2 and IC 26-1-2.1-309, means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
        (34) "Remedy" means any remedial right to which an aggrieved party is entitled with or without resort to a tribunal.
        (35) "Representative" includes an agent, an officer of a corporation or association, and a trustee, executor, or

administrator of an estate, or any other person empowered to act for another.
        (36) "Rights" includes remedies.
        (37) "Security interest" means an interest in personal property or fixtures which secures payment or performance of an obligation. The term also includes any interest of a consignor and a buyer of accounts, chattel paper, a payment intangible, or a promissory note in a transaction that is subject to IC 26-1-9.1. The special property interest of a buyer of goods on identification of such goods to a contract for sale under IC 26-1-2-401 is not a security interest, but a buyer may also acquire a security interest by complying with IC 26-1-9.1. Except as otherwise provided in IC 26-1-2-505, the right of a seller or lessor of goods under IC 26-1-2 or IC 26-1-2.1 to retain or acquire possession of the goods is not a "security interest", but a seller or lessor may also acquire a "security interest" by complying with IC 26-1-9.1. The retention or reservation of title by a seller of goods notwithstanding shipment or delivery to the buyer (IC 26-1-2-401) is limited in effect to a reservation of a "security interest". Whether a transaction creates a lease or security interest is determined by the facts of each case. However, a transaction creates a security interest if the consideration the lessee is to pay the lessor for the right to possession and use of the goods is an obligation for the term of the lease not subject to termination by the lessee and:
            (a) the original term of the lease is equal to or greater than the remaining economic life of the goods;
            (b) the lessee is bound to renew the lease for the remaining economic life of the goods or is bound to become the owner of the goods;
            (c) the lessee has an option to renew the lease for the remaining economic life of the goods for no additional consideration or nominal additional consideration upon compliance with the lease agreement; or
            (d) the lessee has an option to become the owner of the goods for no additional consideration or nominal additional consideration upon compliance with the lease agreement.
        A transaction does not create a security interest merely because it provides that:
            (a) the present value of the consideration the lessee is obligated to pay the lessor for the right to possession and use of the goods is substantially equal to or is greater than the fair

market value of the goods at the time the lease is entered into;
            (b) the lessee assumes risk of loss of the goods, or agrees to pay taxes, insurance, filing, recording, or registration fees, or service or maintenance costs with respect to the goods;
            (c) the lessee has an option to renew the lease or to become the owner of the goods;
            (d) the lessee has an option to renew the lease for a fixed rent that is equal to or greater than the reasonably predictable fair market rent for the use of the goods for the term of the renewal at the time the option is to be performed; or
            (e) the lessee has an option to become the owner of the goods for a fixed price that is equal to or greater than the reasonably predictable fair market value of the goods at the time the option is to be performed.
        For purposes of this subsection:
            (x) Additional consideration is not nominal if:
                (i) when the option to renew the lease is granted to the lessee the rent is stated to be the fair market rent for the use of the goods for the term of the renewal determined at the time the option is to be performed; or
                (ii) when the option to become the owner of the goods is granted to the lessee the price is stated to be the fair market value of the goods determined at the time the option is to be performed.
            Additional consideration is nominal if it is less than the lessee's reasonably predictable cost of performing under the lease agreement if the option is not exercised.
            (y) "Reasonably predictable" and "remaining economic life of the goods" are to be determined with reference to the facts and circumstances at the time the transaction is entered into.
            (z) "Present value" means the amount as of a date certain of one (1) or more sums payable in the future, discounted to the date certain. The discount is determined by the interest rate specified by the parties if the rate is not manifestly unreasonable at the time the transaction is entered into. Otherwise, the discount is determined by a commercially reasonable rate that takes into account the facts and circumstances of each case at the time the transaction was entered into.
        (38) "Send" in connection with any writing or notice means to deposit in the mail or deliver for transmission by any other usual means of communication with postage or cost of transmission

provided for and properly addressed and, in the case of an instrument, to an address specified thereon or otherwise agreed or, if there be none, to any address reasonable under the circumstances. The receipt of any writing or notice within the time at which it would have arrived if properly sent has the effect of a proper sending.
        (39) "Signed" includes any symbol executed or adopted by a party with present intention to authenticate a writing.
        (40) "Surety" includes guarantor.
        (41) "Telegram" includes a message transmitted by radio, teletype, cable, any mechanical method of transmission, or the like.
        (42) "Term" means that portion of an agreement which relates to a particular matter.
        (43) "Unauthorized" signature means one made without actual, implied, or apparent authority and includes a forgery.
        (44) "Value". Except as otherwise provided with respect to negotiable instruments and bank collections (IC 26-1-3.1-303, IC 26-1-4-208, and IC 26-1-4-209) a person gives value for rights if the person acquires them:
            (a) in return for a binding commitment to extend credit or for the extension of immediately available credit whether or not drawn upon and whether or not a chargeback is provided for in the event of difficulties in collection;
            (b) as security for or in total or partial satisfaction of a preexisting claim;
            (c) by accepting delivery pursuant to a preexisting contract for purchase; or
            (d) generally, in return for any consideration sufficient to support a simple contract.
        (45) "Warehouse receipt" means a document of title issued by a person engaged in the business of storing goods for hire.
        (46) "Written" or "writing" includes printing, typewriting, or any other intentional reduction to tangible form.

SOURCE: IC 26-1-1.5-1; (11)HE1321.1.2. -->     SECTION 2. IC 26-1-1.5-1 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 1. The forms in this chapter IC 26-1-9.1-521 may be used for filings under IC 26-1.
SOURCE: IC 26-1-9.1-102; (11)HE1321.1.3. -->     SECTION 3. IC 26-1-9.1-102, AS AMENDED BY P.L.108-2009, SECTION 3, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 102. (a) In IC 26-1-9.1:
        (1) "Accession" means goods that are physically united with other goods in such a manner that the identity of the original goods is

not lost.
        (2) "Account", except as used in "account for", means a right to payment of a monetary obligation, whether or not earned by performance:
            (A) for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of;
            (B) for services rendered or to be rendered;
            (C) for a policy of insurance issued or to be issued;
            (D) for a secondary obligation incurred or to be incurred;
            (E) for energy provided or to be provided;
            (F) for the use or hire of a vessel under a charter or other contract;
            (G) arising out of the use of a credit or charge card or information contained on or for use with the card; or
            (H) as winnings in a lottery or other game of chance operated or sponsored by a state other than Indiana, a governmental unit of a state, or a person licensed or authorized to operate the game by a state or governmental unit of a state.
        The term does not include a right to a payment of a prize awarded by the state lottery commission in the Indiana state lottery established under IC 4-30. The term includes health-care-insurance receivables. The term does not include (i) rights to payment evidenced by chattel paper or an instrument, (ii) commercial tort claims, (iii) deposit accounts, (iv) investment property, (v) letter-of-credit rights or letters of credit, or (vi) rights to payment for money or funds advanced or sold, other than rights arising out of the use of a credit or charge card or information contained on or for use with the card.
        (3) "Account debtor" means a person obligated on an account, chattel paper, or general intangible. The term does not include persons obligated to pay a negotiable instrument, even if the instrument constitutes part of chattel paper.
        (4) "Accounting", except as used in "accounting for", means a record:
            (A) authenticated by a secured party;
            (B) indicating the aggregate unpaid secured obligations as of a date not more than thirty-five (35) days earlier or thirty-five (35) days later than the date of the record; and
            (C) identifying the components of the obligations in reasonable detail.
        (5) "Agricultural lien" means an interest, other than a security interest, in farm products:


            (A) that secures payment or performance of an obligation for:
                (i) goods or services furnished in connection with a debtor's farming operation; or
                (ii) rent on real property leased by a debtor in connection with the debtor's farming operation;
            (B) that is created by statute in favor of a person that:
                (i) in the ordinary course of its business furnished goods or services to a debtor in connection with the debtor's farming operation; or
                (ii) leased real property to a debtor in connection with the debtor's farming operation; and
            (C) whose effectiveness does not depend on the person's possession of the personal property.
        (6) "As-extracted collateral" means:
            (A) oil, gas, or other minerals that are subject to a security interest that:
                (i) is created by a debtor having an interest in the minerals before extraction; and
                (ii) attaches to the minerals as extracted; or
            (B) accounts arising out of the sale at the wellhead or minehead of oil, gas, or other minerals in which the debtor had an interest before extraction.
        (7) "Authenticate" means:
            (A) to sign; or
            (B) to execute or otherwise adopt a symbol, or encrypt or similarly process a record in whole or in part, with the present intent of the authenticating person to identify the person and adopt or accept a record.
            (B) with present intent to adopt or accept a record, to attach to or logically associate with the record an electronic sound, symbol, or process.
        (8) "Bank" means an organization that is engaged in the business of banking. The term includes savings banks, savings and loan associations, credit unions, and trust companies.
        (9) "Cash proceeds" means proceeds that are money, checks, deposit accounts, or the like.
        (10) "Certificate of title" means a certificate of title with respect to which a statute provides for the security interest in question to be indicated on the certificate as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the collateral. The term includes another record maintained as an alternative to a certificate of title by

the governmental unit that issues certificates of title if a statute permits the security interest in question to be indicated on the record as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the collateral.
        (11) "Chattel paper" means a record or records that evidence both a monetary obligation and a security interest in specific goods, a security interest in specific goods and software used in the goods, a security interest in specific goods and license of software used in the goods, a lease of specific goods, or a lease of specific goods and license of software used in the goods. In this subdivision, "monetary obligation" means a monetary obligation secured by the goods or owed under a lease of the goods and includes a monetary obligation with respect to software used in the goods. The term "chattel paper" does not include: (i) charters or other contracts involving the use or hire of a vessel; or (ii) records that evidence a right to payment arising out of the use of a credit or charge card or information contained on or for use with the card. If a transaction is evidenced by records that include an instrument or series of instruments, the group of records taken together constitutes chattel paper.
        (12) "Collateral" means the property subject to a security interest or agricultural lien. The term includes:
            (A) proceeds to which a security interest attaches;
            (B) accounts, chattel paper, payment intangibles, and promissory notes that have been sold; and
            (C) goods that are the subject of a consignment.
        (13) "Commercial tort claim" means a claim arising in tort with respect to which:
            (A) the claimant is an organization; or
            (B) the claimant is an individual and the claim:
                (i) arose in the course of the claimant's business or profession; and
                (ii) does not include damages arising out of personal injury to or the death of an individual.
        (14) "Commodity account" means an account maintained by a commodity intermediary in which a commodity contract is carried for a commodity customer.
        (15) "Commodity contract" means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:
            (A) traded on or subject to the rules of a board of trade that has

been designated as a contract market for such a contract pursuant to federal commodities laws; or
            (B) traded on a foreign commodity board of trade, exchange, or market, and is carried on the books of a commodity intermediary for a commodity customer.
        (16) "Commodity customer" means a person for which a commodity intermediary carries a commodity contract on its books.
        (17) "Commodity intermediary" means a person that:
            (A) is registered as a futures commission merchant under federal commodities law; or
            (B) in the ordinary course of its business provides clearance or settlement services for a board of trade that has been designated as a contract market pursuant to federal commodities law.
        (18) "Communicate" means:
            (A) to send a written or other tangible record;
            (B) to transmit a record by any means agreed upon by the persons sending and receiving the record; or
            (C) in the case of transmission of a record to or by a filing office, to transmit a record by any means prescribed by filing-office rule.
        (19) "Consignee" means a merchant to which goods are delivered in a consignment.
        (20) "Consignment" means a transaction, regardless of its form, in which a person delivers goods to a merchant for the purpose of sale and:
            (A) the merchant:
                (i) deals in goods of that kind under a name other than the name of the person making delivery;
                (ii) is not an auctioneer; and
                (iii) is not generally known by its creditors to be substantially engaged in selling the goods of others;
            (B) with respect to each delivery, the aggregate value of the goods is one thousand dollars ($1,000) or more at the time of delivery;
            (C) the goods are not consumer goods immediately before delivery; and
            (D) the transaction does not create a security interest that secures an obligation.
        (21) "Consignor" means a person that delivers goods to a consignee in a consignment.


        (22) "Consumer debtor" means a debtor in a consumer transaction.
        (23) "Consumer goods" means goods that are used or bought for use primarily for personal, family, or household purposes.
        (24) "Consumer-goods transaction" means a consumer transaction in which:
            (A) an individual incurs an obligation primarily for personal, family, or household purposes; and
            (B) a security interest in consumer goods secures the obligation.
        (25) "Consumer obligor" means an obligor who is an individual and who incurred the obligation as part of a transaction entered into primarily for personal, family, or household purposes.
        (26) "Consumer transaction" means a transaction in which (i) an individual incurs an obligation primarily for personal, family, or household purposes, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.
        (27) "Continuation statement" means an amendment of a financing statement that:
            (A) identifies, by its file number, the initial financing statement to which it relates; and
            (B) indicates that it is a continuation statement for, or that it is filed to continue the effectiveness of, the identified financing statement.
        (28) "Debtor" means:
            (A) a person having an interest, other than a security interest or other lien, in the collateral, whether or not the person is an obligor;
            (B) a seller of accounts, chattel paper, payment intangibles, or promissory notes; or
            (C) a consignee.
        (29) "Deposit account" means a demand, time, savings, passbook, or similar account maintained with a bank. The term does not include investment property or accounts evidenced by an instrument.
        (30) "Document" means a document of title or a receipt of the type described in IC 26-1-7-201(b).
        (31) "Electronic chattel paper" means chattel paper evidenced by a record or records consisting of information stored in an electronic medium.
        (32) "Encumbrance" means a right, other than an ownership interest, in real property. The term includes mortgages and other liens on real property.
        (33) "Equipment" means goods other than inventory, farm products, or consumer goods.
        (34) "Farm products" means goods, other than standing timber, with respect to which the debtor is engaged in a farming operation and which are:
            (A) crops grown, growing, or to be grown, including:
                (i) crops produced on trees, vines, and bushes; and
                (ii) aquatic goods produced in aquacultural operations;
            (B) livestock, born or unborn, including aquatic goods produced in aquacultural operations;
            (C) supplies used or produced in a farming operation; or
            (D) products of crops or livestock in their unmanufactured states.
        (35) "Farming operation" means raising, cultivating, propagating, fattening, grazing, or any other farming, livestock, or aquacultural operation.
        (36) "File number" means the number assigned to an initial financing statement pursuant to IC 26-1-9.1-519(a).
        (37) "Filing office" means an office designated in IC 26-1-9.1-501 as the place to file a financing statement.
        (38) "Filing-office rule" means a rule adopted pursuant to IC 26-1-9.1-526.
        (39) "Financing statement" means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement.
        (40) "Fixture filing" means the filing of a financing statement covering goods that are or are to become fixtures and satisfying IC 26-1-9.1-502(a) and IC 26-1-9.1-502(b). The term includes the filing of a financing statement covering goods of a transmitting utility which are or are to become fixtures.
        (41) "Fixtures" means goods that have become so related to particular real property that an interest in them arises under real property law.
        (42) "General intangible" means any personal property, including things in action, other than accounts, chattel paper, commercial tort claims, deposit accounts, documents, goods, instruments, investment property, letter-of-credit rights, letters of credit, money, and oil, gas, or other minerals before extraction. The term includes payment intangibles and software.
        (43) "Good faith" means honesty in fact and the observance of reasonable commercial standards of fair dealing.
        (44) "Goods" means all things that are movable when a security interest attaches. The term includes (i) fixtures, (ii) standing timber that is to be cut and removed under a conveyance or contract for sale, (iii) the unborn young of animals, (iv) crops grown, growing, or to be grown, even if the crops are produced on trees, vines, or bushes, and (v) manufactured homes. The term also includes a computer program embedded in goods and any supporting information provided in connection with a transaction relating to the program if (i) the program is associated with the goods in such a manner that it customarily is considered part of the goods, or (ii) by becoming the owner of the goods, a person acquires a right to use the program in connection with the goods. The term does not include a computer program embedded in goods that consist solely of the medium in which the program is embedded. The term also does not include accounts, chattel paper, commercial tort claims, deposit accounts, documents, general intangibles, instruments, investment property, letter-of-credit rights, letters of credit, money, or oil, gas, or other minerals before extraction.
        (45) "Governmental unit" means a subdivision, agency, department, county, parish, municipality, or other unit of the government of the United States, a state, or a foreign country. The term includes an organization having a separate corporate existence if the organization is eligible to issue debt on which interest is exempt from income taxation under the laws of the United States.
        (46) "Health-care-insurance receivable" means an interest in or claim under a policy of insurance that is a right to payment of a monetary obligation for health-care goods or services provided.
        (47) "Instrument" means a negotiable instrument or any other writing that evidences a right to the payment of a monetary obligation, is not itself a security agreement or lease, and is of a type that in the ordinary course of business is transferred by delivery with any necessary endorsement or assignment. The term does not include (i) investment property, (ii) letters of credit, or (iii) writings that evidence a right to payment arising out of the use of a credit or charge card or information contained on or for use with the card.
        (48) "Inventory" means goods, other than farm products, that:
            (A) are leased by a person as lessor;
            (B) are held by a person for sale or lease or to be furnished under a contract of service;
            (C) are furnished by a person under a contract of service; or
            (D) consist of raw materials, work in process, or materials used or consumed in a business.
        (49) "Investment property" means a security, whether certificated or uncertificated, security entitlement, securities account, commodity contract, or commodity account.
        (50) "Jurisdiction of organization", with respect to a registered organization, means the jurisdiction under whose law the organization is formed or organized.
        (51) "Letter-of-credit right" means a right to payment or performance under a letter of credit, whether or not the beneficiary has demanded or is at the time entitled to demand payment or performance. The term does not include the right of a beneficiary to demand payment or performance under a letter of credit.
        (52) "Lien creditor" means:
            (A) a creditor that has acquired a lien on the property involved by attachment, levy, or the like;
            (B) an assignee for benefit of creditors from the time of assignment;
            (C) a trustee in bankruptcy from the date of the filing of the petition; or
            (D) a receiver in equity from the time of appointment.
        (53) "Manufactured home" means a structure, transportable in one (1) or more sections, which, in the traveling mode, is eight (8) body feet or more in width or forty (40) body feet or more in length, or, when erected on site, is three hundred twenty (320) or more square feet, and which is built on a permanent chassis and designed to be used as a dwelling with or without a permanent foundation when connected to the required utilities, and includes the plumbing, heating, air conditioning, and electrical systems contained therein. The term includes any structure that meets all of the requirements of this subdivision except the size requirements, and with respect to which the manufacturer voluntarily files a certification required by the United States Secretary of Housing and Urban Development and complies with the standards established under Title 42 of the United States Code.
        (54) "Manufactured-home transaction" means a secured transaction:
            (A) that creates a purchase-money security interest in a manufactured home, other than a manufactured home held as inventory; or
            (B) in which a manufactured home, other than a manufactured home held as inventory, is the primary collateral.
        (55) "Mortgage" means a consensual interest in real property, including fixtures, that secures payment or performance of an obligation.
        (56) "New debtor" means a person that becomes bound as debtor under IC 26-1-9.1-203(d) by a security agreement previously entered into by another person.
        (57) "New value" means (i) money, (ii) money's worth in property, services, or new credit, or (iii) release by a transferee of an interest in property previously transferred to the transferee. The term does not include an obligation substituted for another obligation.
        (58) "Noncash proceeds" means proceeds other than cash proceeds.
        (59) "Obligor" means a person that, with respect to an obligation secured by a security interest in or an agricultural lien on the collateral, (i) owes payment or other performance of the obligation, (ii) has provided property other than the collateral to secure payment or other performance of the obligation, or (iii) is otherwise accountable in whole or in part for payment or other performance of the obligation. The term does not include issuers or nominated persons under a letter of credit.
        (60) "Original debtor", except as used in IC 26-1-9.1-310(c), means a person that, as debtor, entered into a security agreement to which a new debtor has become bound under IC 26-1-9.1-203(d).
        (61) "Payment intangible" means a general intangible under which the account debtor's principal obligation is a monetary obligation.
        (62) "Person related to", with respect to an individual, means:
            (A) the spouse of the individual;
            (B) a brother, brother-in-law, sister, or sister-in-law of the individual;
            (C) an ancestor or lineal descendant of the individual or the individual's spouse; or
            (D) any other relative, by blood or marriage, of the individual or the individual's spouse who shares the same home with the individual.
        (63) "Person related to", with respect to an organization, means:
            (A) a person directly or indirectly controlling, controlled by, or under common control with the organization;
            (B) an officer or director of, or a person performing similar functions with respect to, the organization;
            (C) an officer or director of, or a person performing similar functions with respect to, a person described in clause (A);
            (D) the spouse of an individual described in clause (A), (B), or (C); or
            (E) an individual who is related by blood or marriage to an individual described in clause (A), (B), (C), or (D) and shares the same home with the individual.
        (64) "Proceeds", except as used in IC 26-1-9.1-609(b), means the following property:
            (A) Whatever is acquired upon the sale, lease, license, exchange, or other disposition of collateral.
            (B) Whatever is collected on, or distributed on account of, collateral.
            (C) Rights arising out of collateral.
            (D) To the extent of the value of collateral, claims arising out of the loss, nonconformity, or interference with the use of, defects or infringement of rights in, or damage to, the collateral.
            (E) To the extent of the value of collateral and to the extent payable to the debtor or the secured party, insurance payable by reason of the loss or nonconformity of, defects or infringement of rights in, or damage to, the collateral.
        (65) "Promissory note" means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.
        (66) "Proposal" means a record authenticated by a secured party that includes the terms on which the secured party is willing to accept collateral in full or partial satisfaction of the obligation it secures pursuant to IC 26-1-9.1-620, IC 26-1-9.1-621, and IC 26-1-9.1-622.
        (67) "Public-finance transaction" means a secured transaction in connection with which:
            (A) debt securities are issued;
            (B) all or a portion of the securities issued have an initial stated maturity of at least twenty (20) years; and
            (C) the debtor, obligor, secured party, account debtor, or other

person obligated on collateral, assignor or assignee of a secured obligation, or assignor or assignee of a security interest is a state or a governmental unit of a state.
         (68) "Public organic record" means a record that is available to the public for inspection and is:
            (A) a record consisting of the record initially filed with or issued by a state or the United States to form or organize an organization and any record filed with or issued by the state or the United States which amends or restates the initial record;
            (B) an organic record of a business trust consisting of the record initially filed with a state and any record filed with the state which amends or restates the initial record, if a statute of the state governing business trusts requires that the record be filed with the state; or
            (C) a record consisting of legislation enacted by the legislature of a state or the Congress of the United States which forms or organizes an organization, any record amending the legislation, and any record filed with or issued by the state or the United States which amends or restates the name of the organization.

        (68) (69) "Pursuant to commitment", with respect to an advance made or other value given by a secured party, means pursuant to the secured party's obligation, whether or not a subsequent event of default or other event not within the secured party's control has relieved or may relieve the secured party from its obligation.
        (69) (70) "Record", except as used in "for record", "of record", "record or legal title", and "record owner", means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
        (70) (71) "Registered organization" means an organization formed or organized solely under the law of a single state or the United States and as to which the state or the United States must maintain a public record showing the organization to have been organized. by the filing of a public organic record with, the issuance of a public organic record by, or the enactment of legislation by the state or the United States. The term includes a business trust that is formed or organized under the law of a single state if a statute of the state governing business trusts requires that the business trust's organic record be filed with the state.
        (71) (72) "Secondary obligor" means an obligor to the extent that:


            (A) the obligor's obligation is secondary; or
            (B) the obligor has a right of recourse with respect to an obligation secured by collateral against the debtor, another obligor, or property of either.
        (72) (73) "Secured party" means:
            (A) a person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;
            (B) a person that holds an agricultural lien;
            (C) a consignor;
            (D) a person to which accounts, chattel paper, payment intangibles, or promissory notes have been sold;
            (E) a trustee, indenture trustee, agent, collateral agent, or other representative in whose favor a security interest or agricultural lien is created or provided for; or
            (F) a person that holds a security interest arising under IC 26-1-2-401, IC 26-1-2-505, IC 26-1-2-711(3), IC 26-1-2.1-508(5), IC 26-1-4-210, or IC 26-1-5.1-118.
        (73) (74) "Security agreement" means an agreement that creates or provides for a security interest.
        (74) (75) "Send", in connection with a record or notification, means:
            (A) to deposit in the mail, deliver for transmission, or transmit by any other usual means of communication, with postage or cost of transmission provided for, addressed to any address reasonable under the circumstances; or
            (B) to cause the record or notification to be received within the time that it would have been received if properly sent under clause (A).
        (75) (76) "Software" means a computer program and any supporting information provided in connection with a transaction relating to the program. The term does not include a computer program that is included in the definition of goods.
        (76) (77) "State" means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States.
        (77) (78) "Supporting obligation" means a letter-of-credit right or secondary obligation that supports the payment or performance of an account, chattel paper, a document, a general intangible, an instrument, or investment property.
        (78) (79) "Tangible chattel paper" means chattel paper evidenced

by a record or records consisting of information that is inscribed on a tangible medium.
        (79) (80) "Termination statement" means an amendment of a financing statement that:
            (A) identifies, by its file number, the initial financing statement to which it relates; and
            (B) indicates either that it is a termination statement or that the identified financing statement is no longer effective.
        (80) (81) "Transmitting utility" means a person primarily engaged in the business of:
            (A) operating a railroad, subway, street railway, or trolley bus;
            (B) transmitting communications electrically, electromagnetically, or by light;
            (C) transmitting goods by pipeline or sewer; or
            (D) transmitting or producing and transmitting electricity, steam, gas, or water.
    (b) "Control" as provided in IC 26-1-7-106 and the following definitions outside IC 26-1-9.1 apply to IC 26-1-9.1:
        "Applicant" IC 26-1-5.1-102.
        "Beneficiary" IC 26-1-5.1-102.
        "Broker" IC 26-1-8.1-102.
        "Certificated security" IC 26-1-8.1-102.
        "Check" IC 26-1-3.1-104.
        "Clearing corporation" IC 26-1-8.1-102.
        "Contract for sale" IC 26-1-2-106.
        "Customer" IC 26-1-4-104.
        "Entitlement holder" IC 26-1-8.1-102.
        "Financial asset" IC 26-1-8.1-102.
        "Holder in due course" IC 26-1-3.1-302.
        "Issuer" (with respect to a letter of credit or letter-of-credit right) IC 26-1-5.1-102.
        "Issuer" (with respect to a security) IC 26-1-8.1-201.
        "Issuer" (with respect to documents of title) IC 26-1-7-102.
        "Lease" IC 26-1-2.1-103.
        "Lease agreement" IC 26-1-2.1-103.
        "Lease contract" IC 26-1-2.1-103.
        "Leasehold interest" IC 26-1-2.1-103.
        "Lessee" IC 26-1-2.1-103.
        "Lessee in ordinary course of business" IC 26-1-2.1-103.
        "Lessor" IC 26-1-2.1-103.
        "Lessor's residual interest" IC 26-1-2.1-103.
        "Letter of credit" IC 26-1-5.1-102.


        "Merchant" IC 26-1-2-104.
        "Negotiable instrument" IC 26-1-3.1-104.
        "Nominated person" IC 26-1-5.1-102.
        "Note" IC 26-1-3.1-104.
        "Proceeds of a letter of credit" IC 26-1-5.1-114.
        "Prove" IC 26-1-3.1-103.
        "Sale" IC 26-1-2-106.
        "Securities account" IC 26-1-8.1-501.
        "Securities intermediary" IC 26-1-8.1-102.
        "Security" IC 26-1-8.1-102.
        "Security certificate" IC 26-1-8.1-102.
        "Security entitlement" IC 26-1-8.1-102.
        "Uncertificated security" IC 26-1-8.1-102.
    (c) IC 26-1-1 contains general definitions and principles of construction and interpretation applicable throughout IC 26-1-9.1.
SOURCE: IC 26-1-9.1-105; (11)HE1321.1.4. -->     SECTION 4. IC 26-1-9.1-105 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 105. (a) A secured party has control of electronic chattel paper if a system employed for evidencing the transfer of interests in the chattel paper reliably establishes the secured party as the person to which the chattel paper was assigned.
    (b) A system satisfies subsection (a) if
the record or records comprising the chattel paper are created, stored, and assigned in such a manner that:
        (1) a single authoritative copy of the record or records exists which is unique, identifiable and, except as otherwise provided in subdivisions (4), (5), and (6), unalterable;
        (2) the authoritative copy identifies the secured party as the assignee of the record or records;
        (3) the authoritative copy is communicated to and maintained by the secured party or its designated custodian;
        (4) copies or revisions amendments that add or change an identified assignee of the authoritative copy can be made only with the participation consent of the secured party;
        (5) each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy; and
        (6) any revision amendment of the authoritative copy is readily identifiable as an authorized or unauthorized. revision.
SOURCE: IC 26-1-9.1-307; (11)HE1321.1.5. -->     SECTION 5. IC 26-1-9.1-307 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 307. (a) In this section, "place of business" means a place where a debtor conducts its affairs.
    (b) Except as otherwise provided in this section, the following rules determine a debtor's location:
        (1) A debtor who is an individual is located at the individual's principal residence.
        (2) A debtor that is an organization and has only one (1) place of business is located at its place of business.
        (3) A debtor that is an organization and has more than one (1) place of business is located at its chief executive office.
    (c) Subsection (b) applies only if a debtor's residence, place of business, or chief executive office, as applicable, is located in a jurisdiction whose law generally requires information concerning the existence of a nonpossessory security interest to be made generally available in a filing, recording, or registration system as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the collateral. If subsection (b) does not apply, the debtor is located in the District of Columbia.
    (d) A person that ceases to exist, have a residence, or have a place of business continues to be located in the jurisdiction specified by subsections (b) and (c).
    (e) A registered organization that is organized under the law of a state is located in that state.
    (f) Except as otherwise provided in subsection (i), a registered organization that is organized under the law of the United States and a branch or agency of a bank that is not organized under the law of the United States or a state are located:
        (1) in the state that the law of the United States designates, if the law designates a state of location;
        (2) in the state that the registered organization, branch, or agency designates, if the law of the United States authorizes the registered organization, branch, or agency to designate its state of location, including by designating its main office, home office, or other comparable office; or
        (3) in the District of Columbia, if neither paragraph (1) nor paragraph (2) applies.
    (g) A registered organization continues to be located in the jurisdiction specified by subsection (e) or (f) notwithstanding:
        (1) the suspension, revocation, forfeiture, or lapse of the registered organization's status as such in its jurisdiction of organization; or
        (2) the dissolution, winding up, or cancellation of the existence of the registered organization.
    (h) The United States is located in the District of Columbia.
    (i) A branch or agency of a bank that is not organized under the law of the United States or a state is located in the state in which the branch or agency is licensed, if all branches and agencies of the bank are licensed in only one (1) state.
    (j) A foreign air carrier under the Federal Aviation Act of 1958, as amended, is located at the designated office of the agent upon which service of process may be made on behalf of the carrier.
    (k) This section applies only for purposes of IC 26-1-9.1-301 through IC 26-1-9.1-342.
SOURCE: IC 26-1-9.1-311; (11)HE1321.1.6. -->     SECTION 6. IC 26-1-9.1-311, AS AMENDED BY P.L.210-2005, SECTION 74, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 311. (a) Except as otherwise provided in subsection (d), the filing of a financing statement is not necessary or effective to perfect a security interest in property subject to:
        (1) a statute, regulation, or treaty of the United States whose requirements for a security interest's obtaining priority over the rights of a lien creditor with respect to the property preempt IC 26-1-9.1-310(a);
        (2) any Indiana certificate-of-title statute covering automobiles, trailers, mobile homes, or boats, which provides for a security interest to be indicated on the a certificate of title as a condition or result of perfection; or
        (3) a certificate-of-title statute of another jurisdiction which provides for a security interest to be indicated on the a certificate of title as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the property.
    (b) Compliance with the requirements of a statute, regulation, or treaty described in subsection (a) for obtaining priority over the rights of a lien creditor is equivalent to the filing of a financing statement under IC 26-1-9.1. Except as otherwise provided in subsection (d), IC 26-1-9.1-313, IC 26-1-9.1-316(d), and IC 26-1-9.1-316(e) for goods covered by a certificate of title, a security interest in property subject to a statute, regulation, or treaty described in subsection (a) may be perfected only by compliance with those requirements, and a security interest so perfected remains perfected notwithstanding a change in the use or transfer of possession of the collateral.
    (c) Except as otherwise provided in subsection (d), IC 26-1-9.1-316(d), and IC 26-1-9.1-316(e), duration and renewal of perfection of a security interest perfected by compliance with the requirements prescribed by a statute, regulation, or treaty described in subsection (a) are governed by the statute, regulation, or treaty. In other

respects, the security interest is subject to IC 26-1-9.1.
    (d) During any period in which collateral, subject to a statute specified in subsection (a)(2), is inventory held for sale or lease by a person or leased by that person as lessor, and that person is in the business of selling goods of that kind, this section does not apply to a security interest in that collateral created by that person, but instead, the filing provisions of IC 26-1-9.1-501 through IC 26-1-9.1-527 apply.

SOURCE: IC 26-1-9.1-316; (11)HE1321.1.7. -->     SECTION 7. IC 26-1-9.1-316 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 316. (a) A security interest perfected pursuant to the law of the jurisdiction designated in IC 26-1-9.1-301(1) or IC 26-1-9.1-305(c) remains perfected until the earliest of:
        (1) the time perfection would have ceased under the law of that jurisdiction;
        (2) the expiration of four (4) months after a change of the debtor's location to another jurisdiction; or
        (3) the expiration of one (1) year after a transfer of collateral to a person that thereby becomes a debtor and is located in another jurisdiction.
    (b) If a security interest described in subsection (a) becomes perfected under the law of the other jurisdiction before the earliest time or event described in that subsection, it remains perfected thereafter. If the security interest does not become perfected under the law of the other jurisdiction before the earliest time or event, it becomes unperfected and is deemed never to have been perfected as against a purchaser of the collateral for value.
    (c) A possessory security interest in collateral, other than goods covered by a certificate of title and as-extracted collateral consisting of goods, remains continuously perfected if:
        (1) the collateral is located in one (1) jurisdiction and subject to a security interest perfected under the law of that jurisdiction;
        (2) thereafter the collateral is brought into another jurisdiction; and
        (3) upon entry into the other jurisdiction, the security interest is perfected under the law of the other jurisdiction.
    (d) Except as otherwise provided in subsection (e), a security interest in goods covered by a certificate of title which is perfected by any method under the law of another jurisdiction when the goods become covered by a certificate of title from this state remains perfected until the security interest would have become unperfected under the law of the other jurisdiction had the goods not become so covered.
    (e) A security interest described in subsection (d) becomes unperfected as against a purchaser of the goods for value and is deemed never to have been perfected as against a purchaser of the goods for value if the applicable requirements for perfection under IC 26-1-9.1-311(b) or IC 26-1-9.1-313 are not satisfied before the earlier of:
        (1) the time the security interest would have become unperfected under the law of the other jurisdiction had the goods not become covered by a certificate of title from this state; or
        (2) the expiration of four (4) months after the goods had become so covered.
    (f) A security interest in deposit accounts, letter-of-credit rights, or investment property which is perfected under the law of the bank's jurisdiction, the issuer's jurisdiction, a nominated person's jurisdiction, the securities intermediary's jurisdiction, or the commodity intermediary's jurisdiction, as applicable, remains perfected until the earlier of:
        (1) the time the security interest would have become unperfected under the law of that jurisdiction; or
        (2) the expiration of four (4) months after a change of the applicable jurisdiction to another jurisdiction.
    (g) If a security interest described in subsection (f) becomes perfected under the law of the other jurisdiction before the earlier of the time or the end of the period described in that subsection, it remains perfected thereafter. If the security interest does not become perfected under the law of the other jurisdiction before the earlier of that time or the end of that period, it becomes unperfected and is deemed never to have been perfected as against a purchaser of the collateral for value.
     (h) The following rules apply to collateral to which a security interest attaches within four (4) months after the debtor changes its location to another jurisdiction:
        (1) A financing statement filed before the change under the law of the jurisdiction designated in IC 26-1-9.1-301(1) or IC 26-1-9.1-305(c) is effective to perfect a security interest in the collateral if the financing statement would have been effective to perfect a security interest in the collateral had the debtor not changed its location.
        (2) If a security interest perfected by a financing statement that is effective under subdivision (1) becomes perfected under the law of the other jurisdiction before the earlier of the time the financing statement would have become ineffective under the law of the jurisdiction designated in

IC 26-1-9.1-301(1) or IC 26-1-9.1-305(c) or the expiration of the four (4) month period, it remains perfected thereafter. If the security interest does not become perfected under the law of the other jurisdiction before the earlier time or event, it becomes unperfected and is deemed never to have been perfected as against a purchaser of the collateral for value.
    (i) If a financing statement naming an original debtor is filed under the law of the jurisdiction designated in IC 26-1-9.1-301(1) or IC 26-1-9.1-305(c) and the new debtor is located in another jurisdiction, the following rules apply:
        (1) The financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within four (4) months after, the new debtor becomes bound under IC 26-1-9.1-203(d), if the financing statement would have been effective to perfect a security interest in the collateral had the collateral been acquired by the original debtor.
        (2) A security interest perfected by the financing statement and which becomes perfected under the law of the other jurisdiction before the earlier of the time the financing statement would have become ineffective under the law of the jurisdiction designated in IC 26-1-9.1-301(1) or IC 26-1-9.1-305(c) or the expiration of the four (4) month period remains perfected thereafter. A security interest that is perfected by the financing statement but which does not become perfected under the law of the other jurisdiction before the earlier time or event becomes unperfected and is deemed never to have been perfected as against a purchaser of the collateral for value.

SOURCE: IC 26-1-9.1-317; (11)HE1321.1.8. -->     SECTION 8. IC 26-1-9.1-317, AS AMENDED BY P.L.143-2007, SECTION 74, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 317. (a) A security interest or agricultural lien is subordinate to the rights of:
        (1) a person entitled to priority under IC 26-1-9.1-322; and
        (2) except as provided in subsection (e), a person that becomes a lien creditor before the earlier of the time:
            (A) the security interest or agricultural lien is perfected; or
            (B) one (1) of the conditions specified in IC 26-1-9.1-203(b)(3) is met;
        and a financing statement covering the collateral is filed.
    (b) Except as otherwise provided in subsection (e), a buyer, other than a secured party, of tangible chattel paper, tangible documents,

goods, instruments, or a certificated security certificate takes free of a security interest or agricultural lien if the buyer gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.
    (c) Except as otherwise provided in subsection (e), a lessee of goods takes free of a security interest or agricultural lien if the lessee gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.
    (d) A licensee of a general intangible or a buyer, other than a secured party, of accounts, electronic chattel paper, electronic documents, general intangibles, or investment property collateral other than tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest if the licensee or buyer gives value without knowledge of the security interest and before it is perfected.
    (e) Except as otherwise provided in IC 26-1-9.1-320 and IC 26-1-9.1-321, if a person files a financing statement with respect to a purchase-money security interest before or within twenty (20) days after the debtor receives delivery of the collateral, the security interest takes priority over the rights of a buyer, lessee, or lien creditor that arise between the time the security interest attaches and the time of filing.

SOURCE: IC 26-1-9.1-326; (11)HE1321.1.9. -->     SECTION 9. IC 26-1-9.1-326 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 326. (a) Subject to subsection (b), a security interest that is created by a new debtor which is in collateral in which the new debtor has or acquires rights and is perfected solely by a filed financing statement that is effective solely under IC 26-1-9.1-508 in collateral in which a new debtor has or acquires rights would be ineffective to perfect the security interest but for the application of IC 26-1-9.1-316(i)(1) or IC 26-1-9.1-508 is subordinate to a security interest in the same collateral that is perfected by another method.
    (b) The other provisions of IC 26-1-9.1-301 through IC 26-1-9.1-342 determine the priority among conflicting security interests in the same collateral perfected by filed financing statements that are effective solely under IC 26-1-9-508. described in subsection (a). However, if the security agreements to which a new debtor became bound as a debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtor's having become bound.
SOURCE: IC 26-1-9.1-406; (11)HE1321.1.10. -->     SECTION 10. IC 26-1-9.1-406 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 406. (a) Subject to

subsections (b) through (i), an account debtor on an account, chattel paper, or a payment intangible may discharge its obligation by paying the assignor until, but not after, the account debtor receives a notification, authenticated by the assignor or the assignee, that the amount due or to become due has been assigned and that payment is to be made to the assignee. After receipt of the notification, the account debtor may discharge its obligation by paying the assignee and may not discharge the obligation by paying the assignor.
    (b) Subject to subsection (h), notification is ineffective under subsection (a):
        (1) if it does not reasonably identify the rights assigned;
        (2) to the extent that an agreement between an account debtor and a seller of a payment intangible limits the account debtor's duty to pay a person other than the seller and the limitation is effective under law other than IC 26-1-9.1; or
        (3) at the option of an account debtor, if the notification notifies the account debtor to make less than the full amount of any installment or other periodic payment to the assignee, even if:
            (A) only a portion of the account, chattel paper, or payment intangible has been assigned to that assignee;
            (B) a portion has been assigned to another assignee; or
            (C) the account debtor knows that the assignment to that assignee is limited.
    (c) Subject to subsection (h), if requested by the account debtor, an assignee shall seasonably furnish reasonable proof that the assignment has been made. Unless the assignee complies, the account debtor may discharge its obligation by paying the assignor, even if the account debtor has received a notification under subsection (a).
    (d) Except as otherwise provided in subsection (e) and IC 26-1-2.1-303 and IC 26-1-9.1-407, and subject to subsection (h), a term in an agreement between an account debtor and an assignor or in a promissory note is ineffective to the extent that it:
        (1) prohibits, restricts, or requires the consent of the account debtor or person obligated on the promissory note to the assignment or transfer of, or the creation, attachment, perfection, or enforcement of a security interest in, the account, chattel paper, payment intangible, or promissory note; or
        (2) provides that the assignment or transfer or the creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the account, chattel paper, payment intangible, or promissory note.


    (e) Subsection (d) does not apply to the sale of a payment intangible or promissory note other than a sale pursuant to a disposition under IC 26-1-9.1-610 or an acceptance of collateral under IC 26-1-9.1-620.
    (f) Except as provided in IC 26-1-2.1-303 and IC 26-1-9-407, IC 26-1-9.1-407, and subject to subsections (h) and (i), a rule of law, statute, or regulation that prohibits, restricts, or requires the consent of a government, governmental body or official, or account debtor to the assignment or transfer of, or creation of a security interest in, an account or chattel paper is ineffective to the extent that the rule of law, statute, or regulation:
        (1) prohibits, restricts, or requires the consent of the government, governmental body or official, or account debtor to the assignment or transfer of, or the creation, attachment, perfection, or enforcement of a security interest in the account or chattel paper; or
        (2) provides that the assignment or transfer or the creation, attachment, perfection, or enforcement of the security interest may give rise to a default, right of recoupment, claim, defense, termination, right of termination, or remedy under the account or chattel paper.
    (g) Subject to subsection (h), an account debtor may not waive or vary its option under subsection (b)(3).
    (h) This section is subject to law other than IC 26-1-9.1 which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.
    (i) This section does not apply to an assignment of a health-care-insurance receivable.
SOURCE: IC 26-1-9.1-408; (11)HE1321.1.11. -->     SECTION 11. IC 26-1-9.1-408 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 408. (a) Except as otherwise provided in subsection (b), a term in a promissory note or in an agreement between an account debtor and a debtor that relates to a health-care-insurance receivable or a general intangible, including a contract, permit, license, or franchise, and which term prohibits, restricts, or requires the consent of the person obligated on the promissory note or the account debtor to, the assignment or transfer of, or creation, attachment, or perfection of a security interest in, the promissory note, health-care-insurance receivable, or general intangible, is ineffective to the extent that the term:
        (1) would impair the creation, attachment, or perfection of a security interest; or
        (2) provides that the assignment, transfer, creation, attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the promissory note, health-care-insurance receivable, or general intangible.
    (b) Subsection (a) applies to a security interest in a payment intangible or promissory note only if the security interest arises out of a sale of the payment intangible or promissory note other than a sale under a disposition under IC 26-1-9.1-610 or an acceptance of collateral under IC 26-1-9.1-620.
    (c) A rule of law, statute, or regulation, which prohibits, restricts, or requires the consent of a government, governmental body or official, person obligated on a promissory note, or account debtor to the assignment or transfer of, or creation of a security interest in, a promissory note, health-care-insurance receivable, or general intangible, including a contract, permit, license, or franchise between an account debtor and a debtor, is ineffective to the extent that the rule of law, statute, or regulation:
        (1) would impair the creation, attachment, or perfection of a security interest; or
        (2) provides that the assignment, transfer, creation, attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the promissory note, health-care-insurance receivable, or general intangible.
    (d) To the extent that a term in a promissory note or in an agreement between an account debtor and a debtor which relates to a health-care-insurance receivable or general intangible or a rule of law, statute, or regulation described in subsection (c) would be effective under law other than IC 26-1-9.1 but is ineffective under subsection (a) or (c), the creation, attachment, or perfection of a security interest in the promissory note, health-care-insurance receivable, or general intangible:
        (1) is not enforceable against the person obligated on the promissory note or the account debtor;
        (2) does not impose a duty or obligation on the person obligated on the promissory note or the account debtor;
        (3) does not require the person obligated on the promissory note or the account debtor to recognize the security interest, pay or render performance to the secured party, or accept payment or performance from the secured party;
        (4) does not entitle the secured party to use or assign the debtor's

rights under the promissory note, health-care-insurance receivable, or general intangible, including any related information or materials furnished to the debtor in the transaction giving rise to the promissory note, health-care-insurance receivable, or general intangible;
        (5) does not entitle the secured party to use, assign, possess, or have access to any trade secrets or confidential information of the person obligated on the promissory note or the account debtor; and
        (6) does not entitle the secured party to enforce the security interest in the promissory note, health-care-insurance receivable, or general intangible.
    (e) This section prevails over any inconsistent provision in statute, administrative rule, or regulation.

SOURCE: IC 26-1-9.1-502; (11)HE1321.1.12. -->     SECTION 12. IC 26-1-9.1-502 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 502. (a) Subject to subsection (b), a financing statement is sufficient only if it:
        (1) provides the name of the debtor;
        (2) provides the name of the secured party or a representative of the secured party; and
        (3) indicates the collateral covered by the financing statement.
    (b) Except as otherwise provided in IC 26-1-9.1-501(b), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy subsection (a) and also:
        (1) indicate that it covers this type of collateral;
        (2) indicate that it is to be filed in the real property records;
        (3) provide a description of the real property to which the collateral is related that is sufficient to give constructive notice of a mortgage under the law of this state if the description were contained in a record of the mortgage of the real property; and
        (4) if the debtor does not have an interest of record in the real property, provide the name of a record owner.
    (c) A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if:
        (1) the record indicates the goods or accounts that it covers;
        (2) the goods are or are to become fixtures related to the real property described in the record or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut;
        (3) the record satisfies the requirements for a financing statement

in this section, but:
            (A) the record need not indicate
other than an indication that it is to be filed in the real property records; and
             (B) the record sufficiently provides the name of a debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom IC 26-1-9.1-503(a)(4) applies; and
        (4) the record is recorded.
    (d) A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.
    (e) To the extent that IC 36-2-11-15 applies to require the identification of the preparer of a financing statement, the failure of the financing statement to identify the preparer does not affect the sufficiency of the financing statement.
    (f) This subsection does not apply to a financing statement described in IC 26-1-9.1-706. Not later than thirty (30) days after the date the financing statement is filed, the secured party that files the financing statement shall furnish a copy of the financing statement to the debtor. The secured party has the burden of establishing compliance with this subsection. The failure of the secured party to comply with this subsection does not affect the sufficiency or effectiveness of the financing statement. A person who fails to comply with this subsection is subject to IC 26-1-9.1-625.

SOURCE: IC 26-1-9.1-503; (11)HE1321.1.13. -->     SECTION 13. IC 26-1-9.1-503 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 503. (a) A financing statement sufficiently provides the name of the debtor:
        (1) except as otherwise provided in subdivision (3), if the debtor is a registered organization or the collateral is held in a trust that is a registered organization, only if the financing statement provides the name of the debtor indicated that is stated to be the registered organization's name on the public organic record of most recently filed with or issued or enacted by the debtor's registered organization's jurisdiction of organization which shows the debtor to have been organized; purports to state, amend, or restate the registered organization's name;
        (2) subject to subsection (f), if the debtor is a decedent's estate, collateral is being administered by the personal representative of a decedent only if the financing statement provides as the name of the debtor the name of the decedent, and, in a separate part of the financing statement, indicates that the debtor is an estate; collateral is being administered by a personal

representative;
        (3) if the debtor is a trust or a trustee acting with respect to property held in trust, only if the financing statement:
            (A) provides the name specified for the trust in its organic documents or, if no name is specified, provides the name of the settlor and additional information sufficient to distinguish the debtor from other trusts having one (1) or more of the same settlors; and
            (B) indicates, in the debtor's name or otherwise, that the debtor is a trust or is a trustee acting with respect to property held in trust; and
        collateral is held in a trust that is not a registered organization, only if the financing statement:
            (A) provides as the name of the debtor:
                (i) if the organic record of the trust specifies a name for the trust, the name specified; or
                (ii) if the organic record of the trust does not specify a name for the trust, the name of the settlor or testator; and
            (B) in a separate part of the financing statement:
                (i) if the name is provided in accordance with clause (A)(i), indicates that the collateral is held in a trust; or
                (ii) if the name is provided in accordance with clause (A)(ii), provides additional information sufficient to distinguish the trust from other trusts having one (1) or more of the same settlors of the same testator and indicates that the collateral is held in a trust, unless the additional information so indicates;
        (4) subject to subsection (g), if the debtor is an individual to whom this state has issued a driver's license or an identification card for nondrivers under IC 9-24-16 that has not expired, only if the financing statement provides the name of the individual which is indicated on the driver's license or identification card;
        (5) if the debtor is an individual to whom subdivision (4) does not apply, only if the financing statement provides the individual name of the debtor or the surname and first personal name of the debtor; and

        (4) (6) in other cases:
            (A) if the debtor has a name, only if it provides the individual or organizational name of the debtor; and
            (B) if the debtor does not have a name, only if it provides the

names of the partners, members, associates, or other persons comprising the debtor in a manner that each name provided would be sufficient if the person named were the debtor.
    (b) A financing statement that provides the name of the debtor in accordance with subsection (a) is not rendered ineffective by the absence of:
        (1) a trade name or other name of the debtor; or
        (2) unless required under subsection (a)(4)(B), (a)(6)(B), names of partners, members, associates, or other persons comprising the debtor.
    (c) A financing statement that provides only the debtor's trade name does not sufficiently provide the name of the debtor.
    (d) Failure to indicate the representative capacity of a secured party or representative of a secured party does not affect the sufficiency of a financing statement.
    (e) A financing statement may provide the name of more than one (1) debtor and the name of more than one (1) secured party.
     (f) The name of the decedent indicated on the order appointing the personal representative of the decedent issued by the court having jurisdiction over the collateral is sufficient as the "name of the decedent" under subsection (a)(2).
    (g) If this state has issued to an individual more than one (1) driver's license or identification card of a kind described in subsection (a)(4), the one (1) that was issued most recently is the one (1) to which subsection (a)(4) refers.
    (h) In this section, "name of the settlor or testator" means:
        (1) if the settlor is a registered organization, the name that is stated to be the settlor's name on the public organic record most recently filed with or issued or enacted by the settlor's jurisdiction of organization which purports to state, amend, or restate the settlor's name; or
        (2) in other cases, the name of the settlor or testator indicated in the trust's organic record.

SOURCE: IC 26-1-9.1-507; (11)HE1321.1.14. -->     SECTION 14. IC 26-1-9.1-507 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 507. (a) A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.
    (b) Except as otherwise provided in subsection (c) and IC 26-1-9.1-508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the

financing statement becomes seriously misleading under IC 26-1-9.1-506.
    (c) If a debtor so changes its the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under IC 26-1-9.1-503(a) so that the financing statement becomes seriously misleading under IC 26-1-9.1-506:
        (1) the financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within four (4) months after, the change; filed financing statement becomes seriously misleading; and
        (2) the financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than four (4) months after the change, filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within four months (4) after the change. the financing statement became seriously misleading.

SOURCE: IC 26-1-9.1-515; (11)HE1321.1.15. -->     SECTION 15. IC 26-1-9.1-515 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 515. (a) Except as otherwise provided in subsections (b), (e), (f), and (g), a filed financing statement is effective for a period of five (5) years after the date of filing.
    (b) Except as otherwise provided in subsections (e), (f), and (g), an initial financing statement filed in connection with a public-finance transaction or manufactured-home transaction is effective for a period of thirty (30) years after the date of filing if it indicates that it is filed in connection with a public-finance transaction or manufactured-home transaction.
    (c) The effectiveness of a filed financing statement lapses on the expiration of the period of its effectiveness unless, before the lapse, a continuation statement is filed pursuant to subsection (d). Upon lapse, a financing statement ceases to be effective and any security interest or agricultural lien that was perfected by the financing statement becomes unperfected, unless the security interest is perfected otherwise. If the security interest or agricultural lien becomes unperfected upon lapse, it is considered never to have been perfected as against a purchaser of the collateral for value.
    (d) A continuation statement may be filed only within six (6) months before the expiration of the five (5) year period specified in subsection (a) or the thirty (30) year period specified in subsection (b), whichever is applicable.
    (e) Except as otherwise provided in IC 26-1-9.1-510, upon timely

filing of a continuation statement, the effectiveness of the initial financing statement continues for a period of five (5) years commencing on the day on which the financing statement would have become ineffective in the absence of the filing. Upon the expiration of the five (5) year period, the financing statement lapses in the same manner as provided in subsection (c), unless, before the lapse, another continuation statement is filed pursuant to subsection (d). Succeeding continuation statements may be filed in the same manner to continue the effectiveness of the initial financing statement.
    (f) If a debtor is a transmitting utility and a filed initial financing statement so indicates, the financing statement is effective until a termination statement is filed.
    (g) A record of a mortgage that is effective as a financing statement filed as a fixture filing under IC 26-1-9.1-502(c) remains effective as a financing statement filed as a fixture filing until the mortgage is released or satisfied of record or its effectiveness otherwise terminates as to the real property.

SOURCE: IC 26-1-9.1-516; (11)HE1321.1.16. -->     SECTION 16. IC 26-1-9.1-516 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 516. (a) Except as otherwise provided in subsection (b), communication of a record to a filing office and tender of the filing fee or acceptance of the record by the filing office constitutes filing.
    (b) Filing does not occur with respect to a record that a filing office refuses to accept because:
        (1) the record is not communicated by a method or medium of communication authorized by the filing office;
        (2) an amount equal to or greater than the applicable filing fee is not tendered;
        (3) the filing office is unable to index the record because:
            (A) in the case of an initial financing statement, the record does not provide a name for the debtor;
            (B) in the case of an amendment or correction information statement, the record:
                (i) does not identify the initial financing statement as required by IC 26-1-9.1-512 or IC 26-1-9.1-518, as applicable; or
                (ii) identifies an initial financing statement whose effectiveness has lapsed under IC 26-1-9.1-515;
            (C) in the case of an initial financing statement that provides the name of a debtor identified as an individual or an amendment that provides a name of a debtor identified as an individual which was not previously provided in the financing

statement to which the record relates, the record does not identify the debtor's last name; surname; or
            (D) in the case of a record recorded in the filing office described in IC 26-1-9.1-501(a)(1), the record does not provide a sufficient description of the real property to which it relates;
        (4) in the case of an initial financing statement or an amendment that adds a secured party of record, the record does not provide a name and mailing address for the secured party of record;
        (5) in the case of an initial financing statement or an amendment that provides a name of a debtor that was not previously provided in the financing statement to which the amendment relates, the record does not:
            (A) provide a mailing address for the debtor; or
            (B) indicate whether the name provided as the name of the debtor is the name of an individual or an organization; or
            (C) if the financing statement indicates that the debtor is an organization, provide:
                (i) a type of organization for the debtor;
                (ii) a jurisdiction of organization for the debtor; or
                (iii) an organizational identification number for the debtor or indicate that the debtor has none;
        (6) in the case of an assignment reflected in an initial financing statement under IC 26-1-9.1-514(a) or an amendment filed under IC 26-1-9.1-514(b), the record does not provide a name and mailing address for the assignee; or
        (7) in the case of a continuation statement, the record is not filed within the six (6) month period prescribed by IC 26-1-9.1-515(d).
    (c) For purposes of subsection (b):
        (1) a record does not provide information if the filing office is unable to read or decipher the information; and
        (2) a record that does not indicate that it is an amendment or identify an initial financing statement to which it relates, as required by IC 26-1-9.1-512, IC 26-1-9.1-514, or IC 26-1-9.1-518, is an initial financing statement.
    (d) A record that is communicated to the filing office with tender of the filing fee, but which the filing office refuses to accept for a reason other than one (1) set forth in subsection (b), is effective as a filed record except as against a purchaser of the collateral which gives value in reasonable reliance upon the absence of the record from the files.

SOURCE: IC 26-1-9.1-518; (11)HE1321.1.17. -->     SECTION 17. IC 26-1-9.1-518 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 518. (a) A person may

file in the filing office a correction an information statement with respect to a record indexed there under the person's name if the person believes that the record is inaccurate or was wrongfully filed.
    (b) A correction An information statement under subsection (a) must:
        (1) identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;
        (2) indicate that it is a correction an information statement; and
        (3) provide the basis for the person's belief that the record is inaccurate and indicate the manner in which the person believes the record should be amended to cure any inaccuracy or provide the basis for the person's belief that the record was wrongfully filed.
     (c) A person may file in the filing office an information statement with respect to a record filed there if the person is a secured party of record with respect to the financing statement to which the record relates and believes that the person that filed the record was not entitled to do so under IC 26-1-9.1-509(d).
    (d) An information statement under subsection (c) must:
        (1) identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;
        (2) indicate that it is an information statement; and
        (3) provide the basis for the person's belief that the person that filed the record was not entitled to do so under IC 26-1-9.1-509(d).

    (c) (e) The filing of a correction an information statement does not affect the effectiveness of an initial financing statement or other filed record.

SOURCE: IC 26-1-9.1-521; (11)HE1321.1.18. -->     SECTION 18. IC 26-1-9.1-521, AS AMENDED BY P.L.1-2007, SECTION 182, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 521. (a) A filing office that accepts written records may not refuse to accept a written initial financing statement in the following form specified in IC 26-1-1.5 and format except for a reason set forth in IC 26-1-9.1-516(b):
UCC FINANCING STATEMENT
FOLLOW INSTRUCTIONS
A.    NAME & PHONE OF CONTACT AT FILER (optional)
    _____________________________________________
B.    E-MAIL CONTACT AT FILER (optional)
    ____________________________________________
C.    SEND ACKNOWLEDGMENT TO: (Name and Address)
    ______________________________________________
THE ABOVE SPACE IS FOR
FILING OFFICE USE ONLY
1.    DEBTOR'S NAME - provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any word in the Debtor's name)
     1a . ORGANIZATION'S NAME
    ________________________________________________________
OR
     1b . INDIVIDUAL'S SURNAME    FIRST PERSONAL NAME
__________________________    ________________________
    ADDITIONAL NAME(S)/INITIAL(S) THAT ARE    SUFFIX
    PART OF THE NAME OF THIS DEBTOR
    _____________________________________        ________
     1c. MAILING ADDRESS
    _____________________________________________________________________
    CITY                 STATE     POSTAL CODE    COUNTRY
    _____________________________    _______    ______________    __________
    2.    DEBTOR'S NAME - provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any word in the Debtor's name)
    2a. ORGANIZATION'S NAME
    _____________________________________________________________________
OR
    2b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    _______________________________    ___________________________
    ADDITIONAL NAME(S)/INITIAL(S) THAT
    ARE PART OF THE NAME OF THIS DEBTOR     SUFFIX
    _________________________________________        ___________
    2c. MAILING ADDRESS
    ____________________________________________________________________
    CITY                 STATE     POSTAL CODE    COUNTRY
    _____________________________    _______    ______________    __________
3.    SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY) - provide only one Secured Party name (3a or 3b)
    3a. ORGANIZATION'S NAME
    _____________________________________________________________________
OR
    3b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    _____________________________________    ___________________________
    ADDITIONAL NAME(S)/INITIAL(S)        SUFFIX
    _____________________________________    __________________
    3c. MAILING ADDRESS
    _____________________________________________________________________
    CITY                     STATE     POSTAL CODE    COUNTRY
    ___________________________    _______    ______________    __________
4.     COLLATERAL: This financing statement covers the following collateral:
    _____________________________________________________________________
5.    Check only if applicable and check only one box:
            Collateral is     . held in a Trust (see Instructions)
                            . being administered by a Decedent's Personal Representative.
6a.    Check only if applicable and check only one box:
    . Public-Finance Transaction . Manufactured-Home Transaction
    . A Debtor is a Transmitting Utility
6b. Check only if applicable and check only one box:
    . Agricultural Lien . Non-UCC Filing
7.    ALTERNATIVE DESIGNATION (if applicable): . Lessee/Lessor

.   Consignee/Consignor . Seller/Buyer . Bailee/Bailor     . Licensee/Licensor
8.    OPTIONAL FILER REFERENCE DATA
    _____________________________________________________________________

[UCC FINANCING STATEMENT (Form UCC1)]
UCC FINANCING STATEMENT ADDENDUM
FOLLOW INSTRUCTIONS
9.    NAME OF FIRST DEBTOR (same as item 1a or 1b on Financing Statement)
    9a. ORGANIZATION'S NAME
    _____________________________________________________________________
OR
    9b. INDIVIDUAL'S SURNAME
    _______________________________________________
    FIRST PERSONAL NAME
    _______________________________________________
    ADDITIONAL NAME(S)/INITIAL(S)    SUFFIX
    ________________________________________    ______

    THE ABOVE SPACE IS FOR
    FILING OFFICE USE ONLY
10.    ADDITIONAL DEBTOR'S NAME - provide only one Debtor name (10a or 10b) (use exact, full name; do not omit, modify, or abbreviate any word in the Debtor's name)
    10a. ORGANIZATION'S NAME
    __________________________________________________________________
OR
    10b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    ____________________________________    _______________________
    ADDITIONAL NAME(S)/INITIAL(S) THAT
    ARE PART OF THE NAME OF THIS DEBTOR     SUFFIX
    _________________________________________        _______________
    10c. MAILING ADDRESS
    _____________________________________________________________________
    CITY                     STATE     POSTAL CODE    COUNTRY
    _____________________________    _______    ______________    __________
    11.    . ADDITIONAL SECURED PARTY'S NAME or . ASSIGNOR SECURED PARTY'S NAME - provide only one name (11a or 11b)
    11a. ORGANIZATION'S NAME
    ___________________________________________________________________
OR
    11b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    __________________________________    _________________________
    ADDITIONAL NAME(S)/INITIAL(S)        SUFFIX
    _____________________________________    _________________________
    11c. MAILING ADDRESS
    ___________________________________________________________________
    CITY                     STATE     POSTAL CODE    COUNTRY
    _____________________________    _______    _______________    _________
12.    ADDITIONAL SPACE FOR ITEM 4 (Collateral)
    ____________________________________________________________________
13.    . This FINANCING STATEMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS (if applicable)
14.    This FINANCING STATEMENT:
    . covers timber to be cut . covers as-extracted collateral . is filed as a fixture filing
15.    Name and address of a RECORD OWNER of real estate described in item 16 (if Debtor does not have a record interest):
    ____________________________________________________________________
16.    Description of real estate:
    _____________________________________________________________________
17.    MISCELLANEOUS:
    ____________________________________________________________________
[UCC FINANCING STATEMENT ADDENDUM (Form UCC1Ad)]
    (b) A filing office that accepts written records may not refuse to accept a written record in the following form specified in IC 26-1-1.5 and format except for a reason described in IC 26-1-9.1-516(b):
UCC FINANCING STATEMENT AMENDMENT
FOLLOW INSTRUCTIONS
A.    NAME & PHONE OF CONTACT AT FILER (optional)
    ___________________________________________
B.        E-MAIL CONTACT AT FILER (optional)
        _________________________________________
C.        SEND ACKNOWLEDGMENT TO: (Name and Address)
        _________________________________________
THE ABOVE SPACE IS FOR
FILING OFFICE USE ONLY
    1a. INITIAL FINANCING STATEMENT FILE NUMBER
    ____________________________________________________________________
    1b. . This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS.
    Filer: attach Amendment Addendum (Form UCC3Ad) and provide Debtor's name in item 13.
2.    . TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to the security interest(s) of
    Secured Party authorizing this Termination Statement
3.    . ASSIGNMENT (full or partial): Provide name of Assignee in item 7a or 7b, and address of Assignee in item 7c and name of
    Assignor in item 9. For partial assignment, complete items 7 and 9 and also indicate affected collateral in item 8
4.    . CONTINUATION: Effectiveness of the Financing Statement identified above with respect to the security interest(s) of Secured
    Party authorizing this Continuation Statement is continued for the additional period provided by applicable law
5.    . PARTY INFORMATION CHANGE:
    Check one of these two boxes:
    This Change affects . Debtor or . Secured Party of record.
    AND
    Check one of these three boxes to:
    . CHANGE name and/or address: Complete item 6a or 6b, and item 7a or 7b and item 7c.
    . ADD name: Complete item 7a or 7b, and item 7c.
    . DELETE name: Give record name to be deleted in item 6a or 6b.
6.    CURRENT RECORD INFORMATION: Complete for Party Information Change - provide only one name (6a or 6b) (use exact, full name; do not omit, modify, or abbreviate any word in the Debtor's name)
    6a. ORGANIZATION'S NAME
    _____________________________________________________________________
OR
    6b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    __________________________________    _________________________
    ADDITIONAL NAME(S)/INITIAL(S)        SUFFIX
    _____________________________________    _________________________
7.    CHANGED OR ADDED INFORMATION: Complete for Assignment or Party Information Change - provide only one name (7a or 7b) (use exact full name; do not omit, modify, or abbreviate any word in the Debtor's name)
    7a. ORGANIZATION'S NAME
    ____________________________________________________________________
OR
    7b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    __________________________________    _________________________
    ADDITIONAL NAME(S)/INITIAL(S) THAT ARE
    PART OF THE NAME OF THIS DEBTOR     SUFFIX
    _____________________________________    _____________
    7c. MAILING ADDRESS
    ___________________________________________________________________
    CITY                     STATE     POSTAL CODE    COUNTRY
    _____________________________    _______    _______________    _________
8.    . COLLATERAL CHANGE:
    Also check one of these four boxes:
    . ADD collateral . DELETE collateral . RESTATE covered collateral
    . ASSIGN collateral
    Indicate collateral:
9.    NAME OF SECURED PARTY OF RECORD AUTHORIZING THIS AMENDMENT - provide only one name (9a or 9b) (name of Assignor, if this is an Assignment)
    If this is an Amendment authorized by a DEBTOR, check here . and provide name of authorizing Debtor
    9a. ORGANIZATION'S NAME
    __________________________________________________________________
OR
    9b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    __________________________________    _________________________
    ADDITIONAL NAME(S)/INITIAL(S)        SUFFIX
    ______________________________________        ____________
10.    OPTIONAL FILER REFERENCE DATA
    _____________________________________________________________________
[UCC FINANCING STATEMENT AMENDMENT (Form UCC3)]
UCC FINANCING STATEMENT AMENDMENT ADDENDUM
FOLLOW INSTRUCTIONS
11.    INITIAL FINANCING STATEMENT FILE NUMBER (same as item 1a on Amendment form)
    _____________________________________________________________________
12.    NAME OF PARTY AUTHORIZING THIS AMENDMENT (same as item 9 on Amendment form)
    12a. ORGANIZATION'S NAME
    ____________________________________________________________________
OR
    12b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    __________________________________    ___________________________
    ADDITIONAL NAME(S)/INITIAL(S)    SUFFIX
    _______________________________________    _______

THE ABOVE SPACE IS FOR
FILING OFFICE USE ONLY
13.    Name of DEBTOR on related financing statement (Name of a current Debtor of record required for indexing purposes only in some filing offices - see Instruction for item 13 - insert only one Debtor name (13a or 13b) (use exact, full name; do not omit, modify, or abbreviate any word in the Debtor's name)
    13a. ORGANIZATION'S NAME
    _____________________________________________________________________
OR
    13b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    __________________________________    _________________________
    ADDITIONAL NAME(S)/INITIAL(S)        SUFFIX
    _______________________________________________    ___________
14.    ADDITIONAL SPACE FOR ITEM 8 (Collateral)
    ____________________________________________________________________
15.    This FINANCING STATEMENT AMENDMENT:    . covers timber to be cut    . covers as-extracted collateral     . is filed as a fixture filing
16.    Name and address of a RECORD OWNER of real estate described in item 17 (if Debtor does not have a record interest):
    _____________________________________________________________________
17.    Description of real estate
    _____________________________________________________________________
18.    MISCELLANEOUS:
    _____________________________________________________________________
[UCC FINANCING STATEMENT AMENDMENT ADDENDUM (Form UCC3Ad)]
SOURCE: IC 26-1-9.1-607; (11)HE1321.1.19. -->
    SECTION 19. IC 26-1-9.1-607 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 607. (a) If so agreed, and in any event after default, a secured party:
        (1) may notify an account debtor or other person obligated on collateral to make payment or otherwise render performance to or for the benefit of the secured party;
        (2) may take any proceeds to which the secured party is entitled under IC 26-1-9.1-315;
        (3) may enforce the obligations of an account debtor or other person obligated on collateral and exercise the rights of the debtor with respect to the obligation of the account debtor or other person obligated on collateral to make payment or otherwise render performance to the debtor, and with respect to any property that secures the obligations of the account debtor or other person obligated on the collateral;
        (4) if it holds a security interest in a deposit account perfected by control under IC 26-1-9.1-104(a)(1), may apply the balance of the deposit account to the obligation secured by the deposit account; and
        (5) if it holds a security interest in a deposit account perfected by control under IC 26-1-9.1-104(a)(2) or IC 26-1-9.1-104(a)(3), may instruct the bank to pay the balance of the deposit account to or for the benefit of the secured party.
    (b) If necessary to enable a secured party to exercise under subsection (a)(3) the right of a debtor to enforce a mortgage nonjudicially, the secured party may record in the office in which a record of the mortgage is recorded:
        (1) a copy of the security agreement that creates or provides for

a security interest in the obligation secured by the mortgage; and
        (2) the secured party's sworn affidavit in recordable form stating that:
            (A) a default has occurred with respect to the obligation secured by the mortgage; and
            (B) the secured party is entitled to enforce the mortgage nonjudicially.
    (c) A secured party shall proceed in a commercially reasonable manner if the secured party:
        (1) undertakes to collect from or enforce an obligation of an account debtor or other person obligated on collateral; and
        (2) is entitled to charge back uncollected collateral or otherwise to full or limited recourse against the debtor or a secondary obligor.
    (d) A secured party may deduct from the collections made pursuant to subsection (c) reasonable expenses of collection and enforcement, including reasonable attorney's fees and legal expenses incurred by the secured party.
    (e) This section does not determine whether an account debtor, bank, or other person obligated on collateral owes a duty to a secured party.

SOURCE: IC 26-1-9.1-801; (11)HE1321.1.20. -->     SECTION 20. IC 26-1-9.1-801 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 801. (a) Except as otherwise provided in this section through IC 26-1-9.1-808, amendments to this chapter made by legislation enacted during the 2011 session of the general assembly apply to a transaction or lien with its scope, even if the transaction or lien was entered into or created before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013).
    (b) The amendments to this chapter made by legislation enacted during the 2011 session of the general assembly do not affect an action, case, or proceeding commenced before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013).

SOURCE: IC 26-1-9.1-802; (11)HE1321.1.21. -->     SECTION 21. IC 26-1-9.1-802 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 802. (a) A security interest that is a perfected security interest immediately before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013) is a perfected security interest under this chapter, as amended by legislation

enacted during the 2011 session of the general assembly if, when the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013), the applicable requirements for attachment and perfection under this chapter, as amended by legislation enacted during the 2011 session of the general assembly, are satisfied without further action.
    (b) Except as otherwise provided in IC 26-1-9.1-804, if, immediately before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly
take effect (July 1, 2013), a security interest is a perfected security interest, but the applicable requirements for perfection under this chapter, as amended by legislation enacted during the 2011 session of the general assembly, are not satisfied when the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013), the security interest remains perfected thereafter only if the applicable requirements for perfection under this chapter, as amended by legislation enacted during the 2011 session of the general assembly, are satisfied within one (1) year after the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013).

SOURCE: IC 26-1-9.1-803; (11)HE1321.1.22. -->     SECTION 22. IC 26-1-9.1-803 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 803. A security interest that is an unperfected security interest immediately before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013) becomes a perfected security interest:
        (1) without further action, when the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013) if the applicable requirements for perfection under this chapter, as amended by legislation enacted during the 2011 session of the general assembly, are satisfied before or at that time; or
        (2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after this time.

SOURCE: IC 26-1-9.1-804; (11)HE1321.1.23. -->     SECTION 23. IC 26-1-9.1-804 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 804. (a) The filing of a financing statement before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly

take effect (July 1, 2013) is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this chapter, as amended by legislation enacted during the 2011 session of the general assembly.
     (b) The amendments to this chapter made by legislation enacted during the 2011 session of the general assembly do not render ineffective an effective financing statement that, before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013), is filed and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection provided in this chapter as it existed before it was amended by legislation enacted during the 2011 session of the general assembly. However, except as otherwise provided in subsections (c) and (d) and IC 26-1-9.1-805, the financing statement ceases to be effective:
        (1) if the financing statement is filed in this state, at the time the financing statement would have ceased to be effective had the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly not taken effect; or
        (2) if the financing statement is filed in another jurisdiction, at the earlier of:
            (A) the time the financing statement would have ceased to be effective under the law of that jurisdiction; or
            (B) June 30, 2018.

     (c) The filing of a continuation statement after the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013) does not continue the effectiveness of a financing statement filed before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013). However, upon the timely filing of a continuation statement after the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013) and in accordance with the law of the jurisdiction governing perfection as provided in this chapter as amended by legislation enacted during the 2011 session of the general assembly, the effectiveness of a financing statement filed in the same office in that jurisdiction before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013) continues for the period provided by the law of that jurisdiction.


    (d) Subsection (b)(2)(B) applies to a financing statement that, before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013), is filed against a transmitting utility and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in this chapter as it existed before it was amended by legislation enacted during the 2011 session of the general assembly, only to the extent that this chapter, as amended by legislation enacted during the 2011 session of the general assembly, provides that the law of a jurisdiction other than the jurisdiction in which the financing statement is filed governs perfection of a security interest in collateral covered by the financing statement.
    (e) A financing statement that includes a financing statement filed before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly
take effect (July 1, 2013) and a continuation statement filed after the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013) is effective only to the extent that it satisfies the requirements of IC 26-1-9.1-501 through IC 26-1-9.1-527, as amended by legislation enacted during the 2011 session of the general assembly, for an initial financing statement. A financing statement that indicates that the debtor is a decedent's estate indicates that the collateral is being administered by a personal representative within the meaning of IC 26-1-9.1-503(a)(2), as amended by legislation enacted during the 2011 session of the general assembly. A financing statement that indicates that the debtor is a trust or is a trustee acting with respect to property held in trust indicates that the collateral is held in a trust within the meaning of IC 26-1-9.1-503(a)(3) as amended by legislation enacted during the 2011 session of the general assembly.
SOURCE: IC 26-1-9.1-805; (11)HE1321.1.24. -->     SECTION 24. IC 26-1-9.1-805 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 805. (a) The filing of an initial financing statement in the office specified in IC 26-1-9.1-501 continues the effectiveness of a financing statement filed before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013) if:
        (1) the filing of an initial financing statement in that office would be effective to perfect a security interest under this chapter, as amended by legislation enacted during the 2011

session of the general assembly;
        (2) the pre-effective-date financing statement was filed in an office in another state; and
        (3) the initial financing statement satisfies subsection (c).
    (b) The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement:
        (1) if the initial financing statement is filed before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013), for the period provided in IC 26-1-9.1-515, before it was amended by legislation enacted during the 2011 session of the general assembly, with respect to an initial financing statement; and
        (2) if the initial financing statement is filed after the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013), for the period provided in IC 26-1-9.1-515, as amended by legislation enacted during the 2011 session of the general assembly
with respect to an initial financing statement.
     (c) To be effective for purposes of subsection (a), an initial financing statement must:
        (1) satisfy the requirements of IC 26-1-9.1-501 through IC 26-1-9.1-527, as amended by legislation enacted during the 2011 session of the general assembly for an initial financing statement;
        (2) identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and
        (3) indicate that the pre-effective-date financing statement remains effective.

SOURCE: IC 26-1-9.1-806; (11)HE1321.1.25. -->     SECTION 25. IC 26-1-9.1-806 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 806. (a) In this section, "pre-effective-date financing statement" means a financing statement filed before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013).
    (b) After the amendments to this chapter made by legislation

enacted during the 2011 session of the general assembly take effect (July 1, 2013), a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in this chapter, as amended by legislation enacted during the 2011 session of the general assembly. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.
    (c) Except as otherwise provided in subsection (d), if the law of this state governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013) only if:
        (1) the pre-effective-date financing statement and an amendment are filed in the office specified in IC 26-1-9.1-501;
        (2) an amendment is filed in the office specified in IC 26-1-9.1-501
concurrently with, or after the filing in that office of, an initial financing statement that satisfies IC 26-1-9.1-805(c); or
        (3) an initial financing statement that provides the information as amended and satisfies IC 26-1-9.1-805(c) is filed in the office specified in IC 26-1-9.1-501.
    (d) If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under IC 26-1-9.1-804(c) and IC 26-1-9.1-804(e) or IC 26-1-9.1-805.
    (e) Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated after the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013) by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies IC 26-1-9.1-805(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in this chapter, as amended by legislation enacted during the 2011 session of the general assembly,
as the office in which to file a financing statement.

SOURCE: IC 26-1-9.1-807; (11)HE1321.1.26. -->     SECTION 26. IC 26-1-9.1-807 IS ADDED TO THE INDIANA

CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 807. A person may file an initial financing statement or a continuation statement under this chapter if:
        (1) the secured party of record authorizes the filing; and
        (2) the filing is necessary under this chapter:
            (A) to continue the effectiveness of a financing statement filed before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013); or
            (B) to perfect or continue the perfection of a security interest.

SOURCE: IC 26-1-9.1-808; (11)HE1321.1.27. -->     SECTION 27. IC 26-1-9.1-808 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 808. The amendments to this chapter made by legislation enacted during the 2011 session of the general assembly determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before the amendments to this chapter made by legislation enacted during the 2011 session of the general assembly take effect (July 1, 2013), this chapter, as it existed before amendments to this chapter made by legislation enacted during the 2011 session of the general assembly, determines priority.
SOURCE: IC 26-1-1.5-2; (11)HE1321.1.28. -->     SECTION 28. IC 26-1-1.5-2 IS REPEALED [EFFECTIVE JULY 1, 2013].


HEA 1321

Figure

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