§ 26-1-2.1-101 Short title
§ 26-1-2.1-102 Scope; transactions creating a lease; hybrid transactions
§ 26-1-2.1-103 Definitions and index of definitions
§ 26-1-2.1-104 Leases subject to other statutes
§ 26-1-2.1-105 Territorial application of article to goods covered by certificate of title
§ 26-1-2.1-106 Limitation on power of parties to consumer lease to choose applicable law and judicial forum
§ 26-1-2.1-107 Waiver or renunciation of claim or right after default
§ 26-1-2.1-108 Unconscionability
§ 26-1-2.1-109 Option to accelerate at will
§ 26-1-2.1-201 Statute of frauds
§ 26-1-2.1-202 Record intended as final expression of parties’ agreement; parol or extrinsic evidence
§ 26-1-2.1-203 Seals inoperative
§ 26-1-2.1-204 Formation in general
§ 26-1-2.1-205 Firm offers
§ 26-1-2.1-206 Offer and acceptance in formation of lease contract
§ 26-1-2.1-208 Modification, rescission, and waiver
§ 26-1-2.1-209 Lessee under finance lease as beneficiary of supply contract
§ 26-1-2.1-210 Express warranties
§ 26-1-2.1-211 Warranties against interference and against infringement; lessee’s obligation against infringement
§ 26-1-2.1-212 Implied warranty of merchantability
§ 26-1-2.1-213 Implied warranty of fitness for particular purpose
§ 26-1-2.1-214 Exclusion or modification of warranties
§ 26-1-2.1-215 Cumulation and conflict of warranties express or implied
§ 26-1-2.1-216 Third-party beneficiaries of express and implied warranties
§ 26-1-2.1-217 Identification
§ 26-1-2.1-218 Insurance and proceeds
§ 26-1-2.1-219 Risk of loss
§ 26-1-2.1-220 Effect of default on risk of loss
§ 26-1-2.1-221 Casualty to identified goods
§ 26-1-2.1-301 Enforceability of lease contract
§ 26-1-2.1-302 Title to and possession of goods
§ 26-1-2.1-303 “Creation of a security interest”; alienability of party’s interest under lease contract or of lessor’s residual interest in goods; delegation of performance; assignment of rights
§ 26-1-2.1-304 Subsequent lease of goods by lessor
§ 26-1-2.1-305 Sale or sublease of goods by lessee
§ 26-1-2.1-306 Priority of certain liens arising by operation of law
§ 26-1-2.1-307 Priority of liens related to lease contract
§ 26-1-2.1-308 Special rights of creditors
§ 26-1-2.1-309 Lessor’s and lessee’s rights when goods become fixtures
§ 26-1-2.1-310 Lessor’s and lessee’s rights when goods become accessions
§ 26-1-2.1-311 Subordination by agreement; persons entitled to priority
§ 26-1-2.1-401 Insecurity; adequate assurance of performance
§ 26-1-2.1-402 Anticipatory repudiation
§ 26-1-2.1-403 Retraction of anticipatory repudiation
§ 26-1-2.1-404 Substituted performance
§ 26-1-2.1-405 Excused performance
§ 26-1-2.1-406 Procedure on excused performance
§ 26-1-2.1-407 Irrevocable promises; finance leases
§ 26-1-2.1-501 Default; procedure
§ 26-1-2.1-502 Notice after default
§ 26-1-2.1-503 Modification or impairment of rights and remedies
§ 26-1-2.1-504 Liquidation of damages
§ 26-1-2.1-505 Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies
§ 26-1-2.1-506 Statute of limitations
§ 26-1-2.1-507 Proof of market rent; time and place
§ 26-1-2.1-508 Lessee’s remedies
§ 26-1-2.1-509 Lessee’s rights on improper delivery; rightful rejection
§ 26-1-2.1-510 Installment lease contracts; rejection and default
§ 26-1-2.1-511 Merchant lessee’s duties as to rightfully rejected goods
§ 26-1-2.1-512 Lessee’s duties as to rightfully rejected goods
§ 26-1-2.1-513 Cure by lessor of improper tender or delivery; replacement
§ 26-1-2.1-514 Waiver of lessee’s objections
§ 26-1-2.1-515 Acceptance of goods
§ 26-1-2.1-516 Effect of acceptance of goods; notice of default; burden of establishing
§ 26-1-2.1-517 Revocation of acceptance of goods
§ 26-1-2.1-518 Cover; substitute goods
§ 26-1-2.1-519 Lessee’s damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods
§ 26-1-2.1-520 Lessee’s incidental and consequential damages
§ 26-1-2.1-521 Lessee’s right to specific performance or replevin
§ 26-1-2.1-522 Lessee’s right to goods on lessor’s insolvency
§ 26-1-2.1-523 Lessor’s remedies
§ 26-1-2.1-524 Lessor’s right to identify goods to lease contract
§ 26-1-2.1-525 Lessor’s right to possession of goods
§ 26-1-2.1-526 Lessor’s stoppage of delivery
§ 26-1-2.1-527 Lessor’s rights to dispose of goods
§ 26-1-2.1-528 Lessor’s damages for nonacceptance or repudiation
§ 26-1-2.1-529 Lessor’s action for the rent
§ 26-1-2.1-530 Lessor’s incidental damages
§ 26-1-2.1-531 Standing to sue third parties for injury to goods
§ 26-1-2.1-532 Recovery by lessor for loss of or damage to residual interest

Terms Used In Indiana Code > Title 26 > Article 1 > Chapter 2.1 - Leases

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
  • 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
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5