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§ 26-1-9-1-405 — Indiana Law | CourtGPT
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  4. Title 26 - Commercial Law/
  5. Article 1 - Uniform Commercial Code/
  6. Chapter 9.1 - Secured Transactions26-1-9.1-101. Short Title/
  7. § 26-1-9-1-405
Indiana Legal Code

§ 26-1-9-1-405

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The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This subsection is subject to subsections (b) through (d).(b) Subsection (a) applies to the extent that:(1) the right to payment or a part thereof under an assigned contract has not been fully earned by performance; or(2) the right to payment or a part thereof has been fully earned by performance and the account debtor has not received notification of the assignment under IC 26-1-9.1-406(a).(c) This section is subject to law other than IC 26-1-9.1 that establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.(d) This section does not apply to an assignment of a health-care-insurance receivable.As added by P.L.57-2000, SEC.45.