1. (a) In this chapter, the following terms have the following meanings:

   1. (1) The following terms have the following meanings:

      1. (A) "Act" refers to the amendments to IC 26-1 that:

         1. (i) were made during the 2023 regular session of the general assembly; and
         2. (ii) took effect July 1, 2023.
      2. (B) "Adjustment date" means July 1, 2025.
   2. (2) "Chapter 12" refers to IC 26-1-12 .
   3. (3) "Chapter 12 property" means a controllable account, a controllable electronic record, or a controllable payment intangible.

2. (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 .

3. (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.