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Can you summarize IC 26-1-9.1?
UNIFORM COMMERCIAL CODE > Secured Transactions
Short Summary
The provided legal document content falls under the Indiana Code, specifically the Uniform Commercial Code’s Secured Transactions section. It covers various aspects of secured transactions, including definitions of terms, purchase-money security interests, control of deposit accounts and electronic chattel paper, control of certificated and uncertificated securities, control of commodity contracts, control of letter-of-credit rights, sufficiency of description for collateral, application of IC 26-1-9.1, creation and perfection of security interests, after-acquired collateral, rights and duties of secured parties, additional duties of secured parties, requests for accounting and statements of account, perfection and priority of security interests, perfection and priority of security interests in property subject to certain statutes, regulations, and treaties, perfection and priority of security interests in goods covered by a certificate of title, perfection and priority of security interests in deposit accounts, perfection and priority of security interests in investment property, priority of security interests in chattel paper and instruments, priority of security interests in fixtures and crops, and priority of security interests in letter-of-credit rights. These documents provide guidelines and rules for the creation, perfection, and priority of security interests in various types of collateral. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Persons involved in commercial transactions
What does it govern?
Secured Transactions
What are exemptions?
No specific exemptions are mentioned
What are the Penalties?
No specific penalties are mentioned
Jurisdiction
Indiana