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Indiana Code Title 26. Commercial Law § 26-1-9.1-110

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 110. A security interest arising under IC 26-1-2-401, IC 26-1-2-505, IC 26-1-2-711(3), or IC 26-1-2.1-508(5) is subject to IC 26-1-9.1.  However, until the debtor obtains possession of the goods:

(1) the security interest is enforceable, even if IC 26-1-9.1-203(b)(3) has not been satisfied;

(2) filing is not required to perfect the security interest;

(3) the rights of the secured party after default by the debtor are governed by IC 26-1-2 or IC 26-1-2.1;  and

(4) the security interest has priority over a conflicting security interest created by the debtor.

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Cite this article: FindLaw.com - Indiana Code Title 26. Commercial Law § 26-1-9.1-110 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-26-commercial-law/in-code-sect-26-1-9-1-110/

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