Definitions; applicability of definitions concerning secured transactions; applicability of general definitions and principles of construction and interpretation
Ind. Code § 26-1-12.5-102
in effectSec. 102. (a) In this chapter, the following terms have the following meanings:
(1) The following terms have the following meanings:
(A) "Act" refers to the amendments to IC 26-1 that:
(i) were made during the 2023 regular session of the general assembly; and
(ii) took effect July 1, 2023.
(B) "Adjustment date" means July 1, 2025.
(2) "Chapter 12" refers to IC 26-1-12.
(3) "Chapter 12 property" means a controllable account, a controllable electronic record, or a controllable payment intangible.
(b) The following definitions in other chapters of IC 26-1 apply to this chapter:
"Controllable account". IC 26-1-9.1-102.
"Controllable electronic record". IC 26-1-12-102.
"Controllable payment intangible". IC 26-1-9.1-102.
"Financing statement". IC 26-1-9.1-102.
(c) IC 26-1-1 contains general definitions and principles of construction and interpretation that apply throughout this chapter.
As added by P.L.199-2023, SEC.91.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/26Fetched: 10/17/2026