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§ 26-1-9-1-208 — Indiana Law | CourtGPT
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  3. Indiana/
  4. Title 26 - Commercial Law/
  5. Article 1 - Uniform Commercial Code/
  6. Chapter 9.1 - Secured Transactions26-1-9.1-101. Short Title/
  7. § 26-1-9-1-208
Indiana Legal Code

§ 26-1-9-1-208

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(b) Within ten (10) days after receiving a signed demand by the debtor:(1) a secured party having control of a deposit account under IC 26-1-9.1-104(a)(2) shall send to the bank with which the deposit account is maintained a signed record that releases the bank from any further obligation to comply with instructions originated by the secured party;(2) a secured party having control of a deposit account under IC 26-1-9.1-104(a)(3) shall:(A) pay the debtor the balance on deposit in the deposit account; or(B) transfer the balance on deposit into a deposit account in the debtor's name;(3) a secured party, other than a buyer, having control under section 105 of this chapter of an authoritative electronic copy of a record evidencing chattel paper shall transfer control of the electronic copy to the debtor or a person designated by the debtor;(4) a secured party having control of investment property under IC 26-1-8.1-106(d)(2) or IC 26-1-9.1-106(b) shall send to the securities intermediary or

he debtor or a person designated by the debtor;(4) a secured party having control of investment property under IC 26-1-8.1-106(d)(2) or IC 26-1-9.1-106(b) shall send to the securities intermediary or commodity intermediary with which the security entitlement or commodity contract is maintained a signed record that releases the securities intermediary or commodity intermediary from any further obligation to comply with entitlement orders or directions originated by the secured party;(5) a secured party having control of a letter-of-credit right under IC 26-1-9.1-107 shall send to each person having an unfulfilled obligation to pay or deliver proceeds of the letter of credit to the secured party a signed release from any further obligation to pay or deliver proceeds of the letter of credit to the secured party;(6) a secured party having control under IC 26-1-7-106 of an authoritative electronic copy of an electronic document of title shall transfer control of the electronic copy to the debtor or a person designated by the debtor; and(7) a secured party having control under IC 26-1-12-105 of a controllable electronic record, other than a buyer of a controllable account or

opy to the debtor or a person designated by the debtor; and(7) a secured party having control under IC 26-1-12-105 of a controllable electronic record, other than a buyer of a controllable account or controllable payment intangible evidenced by the controllable electronic record, shall transfer control of the controllable electronic record to the debtor or a person designated by the debtor.As added by P.L.57-2000, SEC.45. Amended by P.L.143-2007, SEC.68; P.L.199-2023, SEC.48.