Section 26-1-12.5-102 - Definitions; applicability of definitions concerning secured transactions; applicability of general definitions and principles of construction and interpretation(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.Added by P.L. 199-2023,SEC. 91, eff. 7/1/2023.