Ind. Code § 26-1-9.1-314.1
This is the official text of Ind. Code § 26-1-9.1-314.1, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Perfection of security interest in chattel paper by possession or control
Official statutory text
Sec. 314.1. (a) A secured party may perfect a security interest in chattel paper by taking possession of each authoritative tangible copy of the record evidencing the chattel paper and obtaining control of each authoritative electronic copy of the electronic record evidencing the chattel paper.
(b) A security interest is perfected under subsection (a) not earlier than the time the secured party takes possession and obtains control, and remains perfected under subsection (a) only while the secured party retains possession and control.
(c) Section 313(c) of this chapter and section 313(f) through 313(i) of this chapter apply to perfection by possession of an authoritative tangible copy of a record evidencing chattel paper.
As added by P.L.199-2023, SEC.60. Amended by P.L.9-2024, SEC.477.
(b) A security interest is perfected under subsection (a) not earlier than the time the secured party takes possession and obtains control, and remains perfected under subsection (a) only while the secured party retains possession and control.
(c) Section 313(c) of this chapter and section 313(f) through 313(i) of this chapter apply to perfection by possession of an authoritative tangible copy of a record evidencing chattel paper.
As added by P.L.199-2023, SEC.60. Amended by P.L.9-2024, SEC.477.
Status: in_force · Read it on the official government site
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