Indiana Code > Title 26 > Article 1 > Chapter 12 – Controllable Electronic Records


§ 26-1-12-101	Name and citation of statute
§ 26-1-12-102	Definitions; applicability of definitions concerning secured transactions; applicability of general definitions and principles of construction and interpretation
§ 26-1-12-103	Preemption by statute concerning secured transactions; applicability of laws governing consumer transactions
§ 26-1-12-104	Rights of purchaser and qualifying purchaser in controllable accounts, controllable payment intangibles, and controllable electronic records; filing of financing statement ineffective as notice of claim of property right in controllable electronic record
§ 26-1-12-105	Control of controllable electronic record; exclusive power; control on behalf of a person
§ 26-1-12-106	Controllable accounts and controllable payment intangibles; notification of transfer; discharge of account debtor’s obligation; proof of transfer; waiver of account debtor’s rights ineffective; applicability of laws governing consumer transactions
§ 26-1-12-107	Governing local law; determination of controllable electronic record’s jurisdiction; law governing rights acquired by purchaser or qualifying purchaser

Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Lien: A claim against real or personal property in satisfaction of a debt.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Property: includes personal and real property. See Indiana Code 1-1-4-5
Statute: A law passed by a legislature.
Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}