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Indiana Code Title 26. Commercial Law § 26-1-9.1-306.2

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

Sec. 306.2. (a) Except as provided in subsection (b), the local law of the controllable electronic record's jurisdiction under IC 26-1-12-107(c) and IC 26-1-12-107(d) governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.

(b) The local law of the jurisdiction in which the debtor is located governs:

(1) perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing;  and

(2) automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.

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Cite this article: FindLaw.com - Indiana Code Title 26. Commercial Law § 26-1-9.1-306.2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-26-commercial-law/in-code-sect-26-1-9-1-306-2/

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