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§ 26-1-1-204 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 26 - Commercial Law/
  5. Article 1 - Uniform Commercial Code/
  6. Chapter 1 - General Provisions26-1-1-0.2. Transactions Entered Into After July 1, 1964, and Before January 1, 1986; Status of Certain Perfected Security Interests/
  7. § 26-1-1-204
Indiana Legal Code

§ 26-1-1-204

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(2) What is a reasonable time for taking any action depends on the nature, purpose, and circumstances of such action.(3) An action is taken 'seasonably' when it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.Formerly: Acts 1963, c.317, s.1-204. As amended by P.L.152-1986, SEC.117.