(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.

As added by P.L.199-2023, SEC.91.