Uniform Commercial Code
Indiana · Commercial Law · §§ 26-1-1-0.2 to 26-1-9.1-902 · 630 sections
Overview
The Uniform Commercial Code governs commercial transactions, with the provisions here covering the sale of goods and the treatment of certain electronic records that function as payment or account rights. For sales, it supplies default rules that fill gaps in contracts — price, delivery, timing, and payment terms — alongside requirements for contract formation and modification, a statute of frauds, limits on the use of extrinsic evidence, and rules on when acceptance with added terms creates a binding agreement. It also establishes warranties that attach to a sale, including title, express warranties created by description or sample, and implied warranties of merchantability and fitness for a particular purpose, and it empowers courts to refuse enforcement of unconscionable terms.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 491 court decisions.
Most-cited authority: 275 Ind. 555 - Van Bibber v. Norris
Sections covered
Showing the first 400 of 630 sections — browse the full code.
- Ind. Code § 26-1-1-0.2Transactions entered into after July 1, 1964, and before January 1, 1986; status of certain perfected security interests
- Ind. Code § 26-1-1-0.3Certain security interests considered perfected
- Ind. Code § 26-1-1-0.4Status of certain financing statements and continuation statements; effectiveness of certain financing statements; requirement for new financing statements; status of records of certain real estate mortgages
- Ind. Code § 26-1-1-0.5Status of certain security interests; conditions; lapsing of perfection; filing of financing statements
- Ind. Code § 26-1-1-0.6Application of article to certain questions of priority; exceptions
- Ind. Code § 26-1-1-101Short title; application5 cites
- Ind. Code § 26-1-1-102Purposes; rules of construction; variation by agreement4 cites
- Ind. Code § 26-1-1-103Supplementary general principles of law applicable9 cites
- Ind. Code § 26-1-1-104Construction against implicit repeal1 cite
- Ind. Code § 26-1-1-105Repealed
- Ind. Code § 26-1-1-106Remedies to be liberally administered3 cites
- Ind. Code § 26-1-1-107Waiver or renunciation of claim or right after breach
- Ind. Code § 26-1-1-108Severability
- Ind. Code § 26-1-1-108.1Powers of secretary of state; filing; acceptance of payment for fees
- Ind. Code § 26-1-1-108.2Effect on Electronic Signatures in Global and National Commerce Act
- Ind. Code § 26-1-1-109Repealed
- Ind. Code § 26-1-1-201General definitions32 cites
- Ind. Code § 26-1-1-202Prima facie evidence by third party documents
- Ind. Code § 26-1-1-203Obligation of good faith6 cites
- Ind. Code § 26-1-1-204Time; reasonable time; "seasonably"1 cite
- Ind. Code § 26-1-1-205Course of dealing, course of performance, and usage of trade3 cites
- Ind. Code § 26-1-1-206Statute of frauds for kinds of personal property not otherwise covered
- Ind. Code § 26-1-1-207Performance or acceptance under reservation of rights1 cite
- Ind. Code § 26-1-1-208Option to accelerate at will2 cites
- Ind. Code § 26-1-12-101Name and citation of statute
- Ind. Code § 26-1-12-102Definitions; applicability of definitions concerning secured transactions; applicability of general definitions and principles of construction and interpretation
- Ind. Code § 26-1-12-103Preemption by statute concerning secured transactions; applicability of laws governing consumer transactions
- Ind. Code § 26-1-12-104Rights of purchaser and qualifying purchaser in controllable accounts, controllable payment intangibles, and controllable electronic records; filing of financing statement ineffective as notice of claim of property right in controllable electronic record
- Ind. Code § 26-1-12-105Control of controllable electronic record; exclusive power; control on behalf of a person
- Ind. Code § 26-1-12-106Controllable accounts and controllable payment intangibles; notification of transfer; discharge of account debtor's obligation; proof of transfer; waiver of account debtor's rights ineffective; applicability of laws governing consumer transactions
- Ind. Code § 26-1-12-107Governing local law; determination of controllable electronic record's jurisdiction; law governing rights acquired by purchaser or qualifying purchaser
- Ind. Code § 26-1-1-301Choice of law
- Ind. Code § 26-1-1-302Subordination
- Ind. Code § 26-1-2-101Short title8 cites
- Ind. Code § 26-1-2-102Scope; transactions in goods; hybrid transactions; transactions creating security interest excluded; statutes regulating sales to certain buyers not impaired or repealed14 cites
- Ind. Code § 26-1-2-103Definitions and index of definitions3 cites
- Ind. Code § 26-1-2-104"Merchant"; "between merchants"; "financing agency"4 cites
- Ind. Code § 26-1-2-105Transferability; "goods"; "future" goods; "lot"; "commercial unit"8 cites
- Ind. Code § 26-1-2-106"Contract"; "agreement"; "contract for sale"; "sale"; "present sale"; "conforming" to contract; "termination"; "cancellation"; "hybrid transaction"2 cites
- Ind. Code § 26-1-2-107Goods to be severed from realty; recording
- Ind. Code § 26-1-2.1-101Short title
- Ind. Code § 26-1-2.1-102Scope; transactions creating a lease; hybrid transactions
- Ind. Code § 26-1-2.1-103Definitions and index of definitions1 cite
- Ind. Code § 26-1-2.1-104Leases subject to other statutes
- Ind. Code § 26-1-2.1-105Territorial application of article to goods covered by certificate of title
- Ind. Code § 26-1-2.1-106Limitation on power of parties to consumer lease to choose applicable law and judicial forum
- Ind. Code § 26-1-2.1-107Waiver or renunciation of claim or right after default
- Ind. Code § 26-1-2.1-108Unconscionability1 cite
- Ind. Code § 26-1-2.1-109Option to accelerate at will
- Ind. Code § 26-1-2.1-201Statute of frauds1 cite
- Ind. Code § 26-1-2.1-202Record intended as final expression of parties' agreement; parol or extrinsic evidence1 cite
- Ind. Code § 26-1-2.1-203Seals inoperative
- Ind. Code § 26-1-2.1-204Formation in general
- Ind. Code § 26-1-2.1-205Firm offers
- Ind. Code § 26-1-2.1-206Offer and acceptance in formation of lease contract
- Ind. Code § 26-1-2.1-207Repealed
- Ind. Code § 26-1-2.1-208Modification, rescission, and waiver
- Ind. Code § 26-1-2.1-209Lessee under finance lease as beneficiary of supply contract
- Ind. Code § 26-1-2.1-210Express warranties
- Ind. Code § 26-1-2.1-211Warranties against interference and against infringement; lessee's obligation against infringement
- Ind. Code § 26-1-2.1-212Implied warranty of merchantability
- Ind. Code § 26-1-2.1-213Implied warranty of fitness for particular purpose
- Ind. Code § 26-1-2.1-214Exclusion or modification of warranties
- Ind. Code § 26-1-2.1-215Cumulation and conflict of warranties express or implied
- Ind. Code § 26-1-2.1-216Third-party beneficiaries of express and implied warranties
- Ind. Code § 26-1-2.1-217Identification
- Ind. Code § 26-1-2.1-218Insurance and proceeds
- Ind. Code § 26-1-2.1-219Risk of loss
- Ind. Code § 26-1-2.1-220Effect of default on risk of loss
- Ind. Code § 26-1-2.1-221Casualty to identified goods
- Ind. Code § 26-1-2.1-301Enforceability of lease contract
- Ind. Code § 26-1-2.1-302Title to and possession of goods
- Ind. Code § 26-1-2.1-303"Creation of a security interest"; alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; assignment of rights
- Ind. Code § 26-1-2.1-304Subsequent lease of goods by lessor
- Ind. Code § 26-1-2.1-305Sale or sublease of goods by lessee
- Ind. Code § 26-1-2.1-306Priority of certain liens arising by operation of law
- Ind. Code § 26-1-2.1-307Priority of liens related to lease contract
- Ind. Code § 26-1-2.1-308Special rights of creditors
- Ind. Code § 26-1-2.1-309Lessor's and lessee's rights when goods become fixtures
- Ind. Code § 26-1-2.1-310Lessor's and lessee's rights when goods become accessions
- Ind. Code § 26-1-2.1-311Subordination by agreement; persons entitled to priority
- Ind. Code § 26-1-2.1-401Insecurity; adequate assurance of performance
- Ind. Code § 26-1-2.1-402Anticipatory repudiation
- Ind. Code § 26-1-2.1-403Retraction of anticipatory repudiation
- Ind. Code § 26-1-2.1-404Substituted performance
- Ind. Code § 26-1-2.1-405Excused performance
- Ind. Code § 26-1-2.1-406Procedure on excused performance
- Ind. Code § 26-1-2.1-407Irrevocable promises; finance leases
- Ind. Code § 26-1-2.1-501Default; procedure
- Ind. Code § 26-1-2.1-502Notice after default
- Ind. Code § 26-1-2.1-503Modification or impairment of rights and remedies
- Ind. Code § 26-1-2.1-504Liquidation of damages
- Ind. Code § 26-1-2.1-505Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies
- Ind. Code § 26-1-2.1-506Statute of limitations
- Ind. Code § 26-1-2.1-507Proof of market rent; time and place
- Ind. Code § 26-1-2.1-508Lessee's remedies
- Ind. Code § 26-1-2.1-509Lessee's rights on improper delivery; rightful rejection
- Ind. Code § 26-1-2.1-510Installment lease contracts; rejection and default
- Ind. Code § 26-1-2.1-511Merchant lessee's duties as to rightfully rejected goods
- Ind. Code § 26-1-2.1-512Lessee's duties as to rightfully rejected goods
- Ind. Code § 26-1-2.1-513Cure by lessor of improper tender or delivery; replacement
- Ind. Code § 26-1-2.1-514Waiver of lessee's objections
- Ind. Code § 26-1-2.1-515Acceptance of goods
- Ind. Code § 26-1-2.1-516Effect of acceptance of goods; notice of default; burden of establishing
- Ind. Code § 26-1-2.1-517Revocation of acceptance of goods
- Ind. Code § 26-1-2.1-518Cover; substitute goods
- Ind. Code § 26-1-2.1-519Lessee's damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods
- Ind. Code § 26-1-2.1-520Lessee's incidental and consequential damages
- Ind. Code § 26-1-2.1-521Lessee's right to specific performance or replevin
- Ind. Code § 26-1-2.1-522Lessee's right to goods on lessor's insolvency
- Ind. Code § 26-1-2.1-523Lessor's remedies1 cite
- Ind. Code § 26-1-2.1-524Lessor's right to identify goods to lease contract
- Ind. Code § 26-1-2.1-525Lessor's right to possession of goods1 cite
- Ind. Code § 26-1-2.1-526Lessor's stoppage of delivery
- Ind. Code § 26-1-2.1-527Lessor's rights to dispose of goods
- Ind. Code § 26-1-2.1-528Lessor's damages for nonacceptance or repudiation
- Ind. Code § 26-1-2.1-529Lessor's action for the rent
- Ind. Code § 26-1-2.1-530Lessor's incidental damages
- Ind. Code § 26-1-2.1-531Standing to sue third parties for injury to goods
- Ind. Code § 26-1-2.1-532Recovery by lessor for loss of or damage to residual interest
- Ind. Code § 26-1-2-201Formal requirements; statute of frauds6 cites
- Ind. Code § 26-1-2-202Record intended as final expression of parties' agreement; parol or extrinsic evidence3 cites
- Ind. Code § 26-1-2-203Seals inoperative
- Ind. Code § 26-1-2-204Formation in general5 cites
- Ind. Code § 26-1-2-205Firm offers
- Ind. Code § 26-1-2-206Offer and acceptance in formation of contract3 cites
- Ind. Code § 26-1-2-207Additional terms in acceptance or confirmation2 cites
- Ind. Code § 26-1-2-208Repealed
- Ind. Code § 26-1-2-209Modification, rescission, and waiver6 cites
- Ind. Code § 26-1-2-210Delegation of performance; assignment of rights2 cites
- Ind. Code § 26-1-2-301General obligations of parties2 cites
- Ind. Code § 26-1-2-302Unconscionable contract or clause4 cites
- Ind. Code § 26-1-2-303Allocation or division of risks
- Ind. Code § 26-1-2-304Price payable in money, goods, realty, or otherwise1 cite
- Ind. Code § 26-1-2-305Open price term1 cite
- Ind. Code § 26-1-2-306Output, requirements, and exclusive dealings6 cites
- Ind. Code § 26-1-2-307Delivery in single lot or several lots
- Ind. Code § 26-1-2-308Absence of specified place for delivery1 cite
- Ind. Code § 26-1-2-309Absence of specific time provisions; notice of termination
- Ind. Code § 26-1-2-310Open time for payment or running of credit; authority to ship under reservation
- Ind. Code § 26-1-2-311Options and cooperation respecting performance2 cites
- Ind. Code § 26-1-2-312Warranty of title and against infringement; buyer's obligation against infringement
- Ind. Code § 26-1-2-313Express warranties by affirmation, promise, description, and sample13 cites
- Ind. Code § 26-1-2-314Implied warranty; merchantability; usage of trade31 cites
- Ind. Code § 26-1-2-315Implied warranty; fitness for particular purpose17 cites
- Ind. Code § 26-1-2-316Exclusion or modification of warranties16 cites
- Ind. Code § 26-1-2-317Cumulation and conflict of warranties express or implied2 cites
- Ind. Code § 26-1-2-318Third party beneficiaries of warranties express or implied5 cites
- Ind. Code § 26-1-2-319F.O.B. and F.A.S. terms1 cite
- Ind. Code § 26-1-2-320C.I.F. and C.&F. terms1 cite
- Ind. Code § 26-1-2-321C.I.F. or C.&F.; "net landed weights"; payment on arrival; warranty of condition on arrival
- Ind. Code § 26-1-2-322Delivery "ex-ship"
- Ind. Code § 26-1-2-323Form of bill of lading required in overseas shipment; "overseas"
- Ind. Code § 26-1-2-324"No arrival, no sale"
- Ind. Code § 26-1-2-325"Letter of credit"; "confirmed credit"
- Ind. Code § 26-1-2-326Sale on approval and sale or return
- Ind. Code § 26-1-2-327Special incidents of sale on approval and sale or return
- Ind. Code § 26-1-2-328Sale by auction
- Ind. Code § 26-1-2-401Passing of title; reservation of security; limited application of this section11 cites
- Ind. Code § 26-1-2-402Rights of seller's creditors against sold goods
- Ind. Code § 26-1-2-403Power to transfer; good faith purchase of goods; "entrusting"3 cites
- Ind. Code § 26-1-2-501Insurable interest in goods; manner of identification of goods1 cite
- Ind. Code § 26-1-2-502Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency
- Ind. Code § 26-1-2-503Manner of seller's tender of delivery2 cites
- Ind. Code § 26-1-2-504Shipment by seller1 cite
- Ind. Code § 26-1-2-505Seller's shipment under reservation
- Ind. Code § 26-1-2-506Rights of financing agency
- Ind. Code § 26-1-2-507Effect of seller's tender; delivery on condition1 cite
- Ind. Code § 26-1-2-508Cure by seller of improper tender or delivery; replacement2 cites
- Ind. Code § 26-1-2-509Risk of loss in the absence of breach
- Ind. Code § 26-1-2-510Effect of breach on risk of loss
- Ind. Code § 26-1-2-511Tender of payment by buyer; payment by check
- Ind. Code § 26-1-2-512Payment by buyer before inspection
- Ind. Code § 26-1-2-513Buyer's right of inspection of goods1 cite
- Ind. Code § 26-1-2-514When documents deliverable on acceptance; when on payment
- Ind. Code § 26-1-2-515Preserving evidence of goods in dispute
- Ind. Code § 26-1-2-601Buyer's rights on improper delivery3 cites
- Ind. Code § 26-1-2-602Manner and effect of rightful rejection2 cites
- Ind. Code § 26-1-2-603Merchant buyer's duties as to rightfully rejected goods
- Ind. Code § 26-1-2-604Buyer's options as to salvage of rightfully rejected goods
- Ind. Code § 26-1-2-605Waiver of buyer's objections by failure to particularize
- Ind. Code § 26-1-2-606What constitutes acceptance of goods6 cites
- Ind. Code § 26-1-2-607Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over10 cites
- Ind. Code § 26-1-2-608Revocation of acceptance in whole or in part4 cites
- Ind. Code § 26-1-2-609Right to adequate assurance of performance7 cites
- Ind. Code § 26-1-2-610Anticipatory repudiation3 cites
- Ind. Code § 26-1-2-611Retraction of anticipatory repudiation
- Ind. Code § 26-1-2-612"Instalment contract"; breach1 cite
- Ind. Code § 26-1-2-613Casualty to identified goods
- Ind. Code § 26-1-2-614Substituted performance
- Ind. Code § 26-1-2-615Excuse by failure of presupposed conditions1 cite
- Ind. Code § 26-1-2-616Procedure on notice claiming excuse
- Ind. Code § 26-1-2-701Remedies for breach of collateral contracts not impaired
- Ind. Code § 26-1-2-702Seller's remedies on discovery of buyer's insolvency2 cites
- Ind. Code § 26-1-2-703Seller's remedies in general
- Ind. Code § 26-1-2-704Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods
- Ind. Code § 26-1-2-705Seller's stoppage of delivery in transit or otherwise
- Ind. Code § 26-1-2-706Seller's resale, including contract for resale
- Ind. Code § 26-1-2-707"Person in the position of a seller"
- Ind. Code § 26-1-2-708Seller's damages for nonacceptance or repudiation2 cites
- Ind. Code § 26-1-2-709Action for the price1 cite
- Ind. Code § 26-1-2-710Seller's incidental damages1 cite
- Ind. Code § 26-1-2-711Buyer's remedies in general; buyer's security interest in rejected goods3 cites
- Ind. Code § 26-1-2-712"Cover"; buyer's procurement of substitute goods
- Ind. Code § 26-1-2-713Buyer's damages for nondelivery or repudiation
- Ind. Code § 26-1-2-714Buyer's damages for breach in regard to accepted goods6 cites
- Ind. Code § 26-1-2-715Buyer's incidental and consequential damages6 cites
- Ind. Code § 26-1-2-716Buyer's right to specific performance or replevin
- Ind. Code § 26-1-2-717Deduction of damages from the price1 cite
- Ind. Code § 26-1-2-718Liquidation or limitation of damages; deposits
- Ind. Code § 26-1-2-719Contractual modification or limitation of remedy15 cites
- Ind. Code § 26-1-2-720Effect of "cancellation" or "rescission" on claims for antecedent breach2 cites
- Ind. Code § 26-1-2-721Remedies for fraud8 cites
- Ind. Code § 26-1-2-722Who can sue third parties for injury to goods
- Ind. Code § 26-1-2-723Proof of market price; time and place
- Ind. Code § 26-1-2-724Admissibility of market quotations
- Ind. Code § 26-1-2-725Statute of limitations in contracts for sale19 cites
- Ind. Code § 26-1-3.1-101Short title2 cites
- Ind. Code § 26-1-3.1-102Subject matter2 cites
- Ind. Code § 26-1-3.1-103Definitions2 cites
- Ind. Code § 26-1-3.1-104"Negotiable instrument"; "instrument"; "note"; "draft"; "check"; "cashier's check"; "teller's check"; "traveler's check"; "certificate of deposit"4 cites
- Ind. Code § 26-1-3.1-105Issue of instrument
- Ind. Code § 26-1-3.1-106Unconditional promise or order2 cites
- Ind. Code § 26-1-3.1-107Instrument payable in foreign money
- Ind. Code § 26-1-3.1-108Payable on demand or at definite time2 cites
- Ind. Code § 26-1-3.1-109Payable to bearer or to order
- Ind. Code § 26-1-3.1-110Identification of person to whom instrument is payable2 cites
- Ind. Code § 26-1-3.1-111Place of payment
- Ind. Code § 26-1-3.1-112Interest
- Ind. Code § 26-1-3.1-113Date of instrument
- Ind. Code § 26-1-3.1-114Contradictory terms of instrument1 cite
- Ind. Code § 26-1-3.1-115Incomplete instrument
- Ind. Code § 26-1-3.1-116Joint and several liability; contribution3 cites
- Ind. Code § 26-1-3.1-117Other agreements affecting instrument1 cite
- Ind. Code § 26-1-3.1-118Statute of limitations3 cites
- Ind. Code § 26-1-3.1-119Notice of right to defend action
- Ind. Code § 26-1-3.1-201Negotiation
- Ind. Code § 26-1-3.1-202Negotiation subject to rescission
- Ind. Code § 26-1-3.1-203Transfer of instrument; rights acquired by transfer
- Ind. Code § 26-1-3.1-204Endorsement
- Ind. Code § 26-1-3.1-205Special endorsement; blank endorsement; anomalous endorsement
- Ind. Code § 26-1-3.1-206Restrictive endorsement1 cite
- Ind. Code § 26-1-3.1-207Reacquisition
- Ind. Code § 26-1-3.1-301Person entitled to enforce instrument4 cites
- Ind. Code § 26-1-3.1-302Holder in due course
- Ind. Code § 26-1-3.1-303Value and consideration
- Ind. Code § 26-1-3.1-304Overdue instrument
- Ind. Code § 26-1-3.1-305Defenses and claims in recoupment2 cites
- Ind. Code § 26-1-3.1-306Claims to an instrument1 cite
- Ind. Code § 26-1-3.1-307Notice of breach of fiduciary duty1 cite
- Ind. Code § 26-1-3.1-308Proof of signatures and status as holder in due course
- Ind. Code § 26-1-3.1-309Enforcement of lost, destroyed, or stolen instrument1 cite
- Ind. Code § 26-1-3.1-310Effect of instrument on obligation for which taken
- Ind. Code § 26-1-3.1-311Accord and satisfaction by use of instrument
- Ind. Code § 26-1-3.1-312Lost check; assertion of claim to obligated bank
- Ind. Code § 26-1-3.1-401Signature
- Ind. Code § 26-1-3.1-402Signature by representative
- Ind. Code § 26-1-3.1-403Unauthorized signature
- Ind. Code § 26-1-3.1-404Impostors; fictitious payees
- Ind. Code § 26-1-3.1-405Employer's responsibility for fraudulent endorsement by employee2 cites
- Ind. Code § 26-1-3.1-406Negligence contributing to forged signature or alteration of instrument1 cite
- Ind. Code § 26-1-3.1-407Alteration
- Ind. Code § 26-1-3.1-408Drawee not liable on unaccepted draft
- Ind. Code § 26-1-3.1-409Acceptance of draft; certified check1 cite
- Ind. Code § 26-1-3.1-410Acceptance varying draft
- Ind. Code § 26-1-3.1-411Refusal to pay cashier's checks, teller's checks, and certified checks
- Ind. Code § 26-1-3.1-412Obligation of issuer of note or cashier's check
- Ind. Code § 26-1-3.1-413Obligation of acceptor
- Ind. Code § 26-1-3.1-414Obligation of drawer
- Ind. Code § 26-1-3.1-415Obligation of endorser1 cite
- Ind. Code § 26-1-3.1-416Transfer warranties
- Ind. Code § 26-1-3.1-417Presentment warranties
- Ind. Code § 26-1-3.1-418Payment or acceptance by mistake1 cite
- Ind. Code § 26-1-3.1-419Instruments signed for accommodation2 cites
- Ind. Code § 26-1-3.1-420Conversion of instrument
- Ind. Code § 26-1-3.1-501Presentment1 cite
- Ind. Code § 26-1-3.1-502Dishonor
- Ind. Code § 26-1-3.1-502.5Surcharge after dishonor
- Ind. Code § 26-1-3.1-503Notice of dishonor
- Ind. Code § 26-1-3.1-504Excused presentment and notice of dishonor
- Ind. Code § 26-1-3.1-505Evidence of dishonor
- Ind. Code § 26-1-3.1-601Discharge and effect of discharge
- Ind. Code § 26-1-3.1-602Payment2 cites
- Ind. Code § 26-1-3.1-603Tender of payment1 cite
- Ind. Code § 26-1-3.1-604Discharge by cancellation or renunciation
- Ind. Code § 26-1-3.1-605Release or extension of an obligor's obligation
- Ind. Code § 26-1-4-101Short title
- Ind. Code § 26-1-4-102Applicability1 cite
- Ind. Code § 26-1-4-102.5Application of bank provisions to supervised financial organizations
- Ind. Code § 26-1-4-103Variation by agreement; measure of damages; action constituting ordinary care1 cite
- Ind. Code § 26-1-4-104Definitions and index of definitions1 cite
- Ind. Code § 26-1-4-105"Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"1 cite
- Ind. Code § 26-1-4-106Payable through or payable at bank; collecting bank
- Ind. Code § 26-1-4-107Separate office of bank
- Ind. Code § 26-1-4-108Time of receipt of items
- Ind. Code § 26-1-4-109Delays
- Ind. Code § 26-1-4-110Electronic presentment
- Ind. Code § 26-1-4.1-101Short title
- Ind. Code § 26-1-4.1-102Subject matter
- Ind. Code § 26-1-4.1-103Payment order—definitions2 cites
- Ind. Code § 26-1-4.1-104Funds transfer—definitions
- Ind. Code § 26-1-4.1-105Other definitions
- Ind. Code § 26-1-4.1-106Time payment order is received1 cite
- Ind. Code § 26-1-4.1-107Federal reserve regulations and operating circulars
- Ind. Code § 26-1-4.1-108Exclusion of consumer transactions governed by federal law
- Ind. Code § 26-1-4-111Statute of limitations
- Ind. Code § 26-1-4.1-201"Security procedure"
- Ind. Code § 26-1-4.1-202Authorized and verified payment orders; security procedures; commercial reasonableness
- Ind. Code § 26-1-4.1-203Unenforceability of certain verified payment orders
- Ind. Code § 26-1-4.1-204Refund of payment and duty of customer to report with respect to unauthorized payment order
- Ind. Code § 26-1-4.1-205Erroneous payment orders
- Ind. Code § 26-1-4.1-206Transmission of payment order through funds-transfer or other communication system
- Ind. Code § 26-1-4.1-207Misdescription of beneficiary1 cite
- Ind. Code § 26-1-4.1-208Misdescription of intermediary bank or beneficiary's bank
- Ind. Code § 26-1-4.1-209Acceptance of payment order1 cite
- Ind. Code § 26-1-4.1-210Rejection of payment order
- Ind. Code § 26-1-4.1-211Cancellation and amendment of payment order2 cites
- Ind. Code § 26-1-4.1-212Liability and duty of receiving bank regarding unaccepted payment order
- Ind. Code § 26-1-4.1-301Execution and execution date
- Ind. Code § 26-1-4.1-302Obligations of receiving bank in execution of payment order
- Ind. Code § 26-1-4.1-303Erroneous execution of payment order1 cite
- Ind. Code § 26-1-4.1-304Duty of sender to report erroneously executed payment order
- Ind. Code § 26-1-4.1-305Liability for late or improper execution or failure to execute payment order
- Ind. Code § 26-1-4.1-401"Payment date"
- Ind. Code § 26-1-4.1-402Obligation of sender to pay receiving bank1 cite
- Ind. Code § 26-1-4.1-403Payment by sender to receiving bank
- Ind. Code § 26-1-4.1-404Obligation of beneficiary's bank to pay and give notice to beneficiary
- Ind. Code § 26-1-4.1-405Payment by beneficiary's bank to beneficiary
- Ind. Code § 26-1-4.1-406Payment by originator to beneficiary; discharge of underlying obligation
- Ind. Code § 26-1-4.1-501Variation by agreement and effect of funds transfer system rule1 cite
- Ind. Code § 26-1-4.1-502Creditor process served on receiving bank; setoff by beneficiary's bank1 cite
- Ind. Code § 26-1-4.1-503Injunction or restraining order with respect to funds transfer
- Ind. Code § 26-1-4.1-504Order in which items and payment orders may be charged to account; order of withdrawals from account
- Ind. Code § 26-1-4.1-505Preclusion of objection to debit of customer's account
- Ind. Code § 26-1-4.1-506Rate of interest
- Ind. Code § 26-1-4.1-507Choice of law
- Ind. Code § 26-1-4-201Status of collecting banks as agent and provisional status of credits; applicability of chapter; item endorsed "pay any bank"1 cite
- Ind. Code § 26-1-4-202Responsibility for collection or return; when action timely
- Ind. Code § 26-1-4-203Effect of instructions
- Ind. Code § 26-1-4-204Methods of sending and presenting; sending directly to payor bank
- Ind. Code § 26-1-4-205Depositary bank holder of unendorsed items
- Ind. Code § 26-1-4-206Transfer between banks
- Ind. Code § 26-1-4-207Transfer warranties
- Ind. Code § 26-1-4-208Presentment warranties3 cites
- Ind. Code § 26-1-4-209Encoding and retention warranties
- Ind. Code § 26-1-4-210Security interest of collecting bank in items, accompanying documents, and proceeds
- Ind. Code § 26-1-4-211When bank gives value for purposes of holder in due course
- Ind. Code § 26-1-4-212Presentment by notice of item not payable by, through, or at bank; liability of drawer or endorser4 cites
- Ind. Code § 26-1-4-213Medium and time of settlement by bank5 cites
- Ind. Code § 26-1-4-214Right of charge-back or refund; liability of collecting bank; return of item1 cite
- Ind. Code § 26-1-4-215Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal1 cite
- Ind. Code § 26-1-4-216Insolvency and preference
- Ind. Code § 26-1-4-301Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank1 cite
- Ind. Code § 26-1-4-302Payor bank's responsibility for late return of item1 cite
- Ind. Code § 26-1-4-303When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified
- Ind. Code § 26-1-4-401When bank may charge customer's account3 cites
- Ind. Code § 26-1-4-402Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account1 cite
- Ind. Code § 26-1-4-403Customer's right to stop payment; burden of proof of loss
- Ind. Code § 26-1-4-404Bank not obligated to pay check more than six months old
- Ind. Code § 26-1-4-405Death or incompetence of customer
- Ind. Code § 26-1-4-406Customer's duty to discover and report unauthorized signature or alteration1 cite
- Ind. Code § 26-1-4-407Payor bank's right to subrogation on improper payment
- Ind. Code § 26-1-4-501Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
- Ind. Code § 26-1-4-502Presentment of "on arrival" drafts
- Ind. Code § 26-1-4-503Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case needed
- Ind. Code § 26-1-4-504Privilege of presenting bank to deal with goods; security interest for expenses
- Ind. Code § 26-1-5.1-101Short title; scope
- Ind. Code § 26-1-5.1-102Definitions1 cite
- Ind. Code § 26-1-5.1-103Applicability to IC 26-1-8.1; ability to vary by agreement; independence of rights and obligations under letter of credit
- Ind. Code § 26-1-5.1-104Form of issuance; signed record
- Ind. Code § 26-1-5.1-105Consideration
- Ind. Code § 26-1-5.1-106Time and effect of establishment of credit; expiration
- Ind. Code § 26-1-5.1-107Confirmation; advice of credit; error in statement terms; notice to transfer beneficiary
- Ind. Code § 26-1-5.1-108Issuer's duty and privilege to honor; standard practice; issuer's rights upon honor of presentation
- Ind. Code § 26-1-5.1-109Fraud and forgery
- Ind. Code § 26-1-5.1-110Warranties on transfer and presentment
- Ind. Code § 26-1-5.1-111Remedies for wrongful dishonor, repudiation, or breach of obligation
- Ind. Code § 26-1-5.1-112Transferability
- Ind. Code § 26-1-5.1-113Successors of beneficiaries; rights; recognition
- Ind. Code § 26-1-5.1-114Proceeds of letter of credit; assignment
- Ind. Code § 26-1-5.1-115Statute of limitations
- Ind. Code § 26-1-5.1-116Liability of issuer, nominated person, or advisor; governing law; bank branches; rules of custom or practice; choice of forum
- Ind. Code § 26-1-5.1-117Rights of subrogation
- Ind. Code § 26-1-5.1-118Security interest of issuer or nominated person
- Ind. Code § 26-1-7-101Short title
- Ind. Code § 26-1-7-102Definitions and index of definitions
- Ind. Code § 26-1-7-103Relation of chapter to other laws
- Ind. Code § 26-1-7-104Negotiable and nonnegotiable warehouse receipt, bill of lading, and other document of title
- Ind. Code § 26-1-7-105Tangible substitute for electronic document of title
- Ind. Code § 26-1-7-106Control of electronic document of title; exclusive power; control on behalf of a person
- Ind. Code § 26-1-7-201Who may issue a warehouse receipt; storage under government bond
- Ind. Code § 26-1-7-202Form of warehouse receipt; essential terms; optional terms1 cite
- Ind. Code § 26-1-7-203Liability for nonreceipt or misdescription
- Ind. Code § 26-1-7-204Duty of care; contractual limitation of warehouse's liability1 cite
- Ind. Code § 26-1-7-205Title under warehouse receipt defeated in certain cases
- Ind. Code § 26-1-7-206Termination of storage at warehouse's option
- Ind. Code § 26-1-7-207Goods must be kept separate; fungible goods
- Ind. Code § 26-1-7-208Altered warehouse receipts
- Ind. Code § 26-1-7-209Warehouse lien2 cites
- Ind. Code § 26-1-7-210Enforcement of warehouse's lien1 cite
Enacted in other states
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