101Short title102Definitions and index of definitions; principles of construction and interpretation102.5"Take free"; "takes free"; "takes the money free"; "takes the funds free"103Purchase-money security interest; application of payment; burden of establishing104Control of deposit account105Control of authoritative electronic copy of a record evidencing chattel paper; exclusive power; control on behalf of purchaser106Control of investment property107Control of letter-of-credit right107.1Control of controllable electronic record, controllable account, or controllable payment intangible107.2Control on behalf of another person; deposit accounts and authoritative electronic copies of record evidencing chattel paper; acknowledgment not required108Sufficiency of description109Scope110Security interests arising under IC 26-1-2 or IC 26-1-2.1201General effectiveness of security agreement202Title to collateral immaterial203Attachment and enforceability of security interest; requirements; rights to proceeds; security interest in right to payment or performance204Security interest in after-acquired collateral; exceptions; future advances; proceeds205Use or disposition of collateral permissible206Security interest arising in purchase or delivery of financial asset207Rights and duties of secured party having possession or control of collateral208Additional duties of secured party having control of collateral209Duties of secured party if account debtor has been notified of assignment210Request for accounting; request regarding list of collateral or statement of account301Law governing perfection, effect of perfection or nonperfection, and priority of security interests in collateral302Law governing perfection and priority of agricultural liens303Law governing perfection and priority of security interests in goods covered by a certificate of title304Law governing perfection, effect of perfection or nonperfection, and priority of security interests in deposit accounts; determination of bank's jurisdiction305Law governing perfection and priority of security interests in investment property306Law governing perfection and priority of security interests in letter-of-credit rights306.1Law governing perfection, effect of perfection or nonperfection, and priority of security interests in chattel paper; chattel paper's jurisdiction306.2Law governing perfection, effect of perfection or nonperfection, and priority of security interests in controllable electronic records, controllable accounts, and controllable payment intangibles307Location of debtor308When security interest or agricultural lien is perfected; continuity of perfection309Security interest perfected upon attachment310When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply311Perfection of security interests in property subject to certain statutes, regulations, and treaties312Perfection by permissive filing; perfection only by control or possession; temporary perfection without filing or transfer of possession313When possession by or delivery to secured party perfects security interest without filing314Perfection by control314.1Perfection of security interest in chattel paper by possession or control315Secured party's rights on disposition of collateral and in proceeds316Continued perfection of security interest following change in governing law317Interests that take priority over or take free of unperfected security interest or agricultural lien318No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers319Rights and title of consignee with respect to creditors and purchasers320Buyer of goods321Licensee of general intangible and lessee of goods in ordinary course of business322Priorities among conflicting security interests in and agricultural liens on same collateral323Future advances324Priority of purchase-money security interests325Priority of security interests in transferred collateral326Priority of security interests created by new debtor326.1Priority of security interest in controllable account, controllable electronic record, or controllable payment intangible327Priority of security interests in deposit account328Priority of security interests in investment property329Priority of security interests in letter-of-credit rights330Priority of purchases of chattel paper or instrument331Priority of rights of holders or purchasers; persons protected against adverse claims; filing not considered notice of claim or defense332Transferee of money or of funds from a deposit account333Priority of certain liens arising by operation of law334Priority of security interests in fixtures and crops335Accessions336Commingled goods337Priority of security interests in goods covered by certificate of title338Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information339Priority subject to subordination340Effectiveness of right of recoupment or setoff against deposit account341Bank's rights and duties with respect to deposit account subject to security interest342Bank's right to refuse to enter into or disclose existence of control agreement401Alienability of debtor's rights402Secured party not obligated on contract of debtor or in tort403Agreement not to assert defenses against assignee404Rights acquired by assignee; claims and defenses against assignee405Modification of assigned contract406Accounts, chattel paper, and payment intangibles; notification of assignment; discharge of account debtor's obligation; proof of assignment; restrictions on assignment ineffective; exceptions407Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest408Promissory notes, health care insurance receivables, and general intangibles; restrictions on assignment or security interest ineffective; exception409Restrictions on assignment of letter-of-credit rights ineffective501Filing office502Contents of financing statement; record of mortgage as financing statement; time of filing financing statement503Name of debtor and secured party504Indication of collateral505Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions506Effect of errors or omissions507Effect of certain events on effectiveness of financing statement508Effectiveness of financing statement if new debtor becomes bound by security agreement509Persons entitled to file initial financing statement or amendment510Effectiveness of filed record511Secured party of record512Amendment of financing statement513Termination statement for financing statement514Assignment of powers of secured party of record515Duration and effectiveness of financing statement; effect of lapsed financing statement516What constitutes filing; effectiveness of filing517Effect of indexing errors518Claim concerning inaccurate or wrongfully filed record519Numbering, maintaining, and indexing records; communicating information provided in records520Acceptance and refusal to accept record521Written record filing; format522Maintenance and destruction of records523Information from filing office; sale or license of records524Delay by filing office525Fees526Filing—office rules527Duty to report601Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes602Waiver and variance of rights and duties603Agreement on standards concerning rights and duties604Procedure if security agreement covers real property or fixtures605Unknown debtor or secondary obligor; no duty owed by secured party; exception for controllable account, controllable electronic record, or controllable payment intangible606Time of default for agricultural lien607Collection and enforcement by secured party608Application of proceeds of collection or enforcement; liability for deficiency and right to surplus609Secured party's right to take possession after default610Disposition of collateral after default611Notification by secured party of disposition of collateral612Timeliness of notification before disposition of collateral613Contents and form of notification before disposition of collateral; transaction other than consumer-goods transaction614Contents and form of notification before disposition of collateral; consumer goods transaction615Application of proceeds of disposition; liability for deficiency and right to surplus616Explanation of calculation of surplus or deficiency617Rights of transferee of collateral618Rights and duties of certain secondary obligors619Transfer of record or legal title to collateral620Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral621Acceptance of collateral in full or partial satisfaction of obligation; notification of proposal622Effect of acceptance of collateral623Right to redeem collateral624Debtor's or secondary obligor's waiver of rights regarding disposition or redemption of collateral625Remedies for secured party's failure to comply with chapter626Action in which deficiency or surplus is in issue627Determination of whether conduct was commercially reasonable628Nonliability and limitation on liability of secured party; exception for controllable accounts, controllable electronic records, and controllable payment intangibles701Effective date702Savings clause703Security interest perfected before effective date704Security interest unperfected before effective date705Effectiveness of action taken before effective date706Filing of initial financing statement; effectiveness of financing statement707Pre-effective-date financing statement708Persons entitled to file initial financing statement or continuation statement709Priority801Transactions or liens entered into or created before July 1, 2013802Security interest perfected before July 1, 2013803Security interest unperfected before July 1, 2013804Effectiveness of action taken before July 1, 2013805When initial financing statement suffices to continue effectiveness of financing statement806Amendment of financing statement filed before July 1, 2013807Person entitled to file initial financing statement or continuation statement808Priority901Refusal to accept financing statements; fraudulent financing statements; no duty to inspect financing statements902Judicial reviews of financing statements; pro se motions