Indiana § 26-1-1-302 - Subordination

§ 26-1-1-302. Subordination

Sec. 302. (1) An obligation may be issued as subordinated to performance of another obligation of the person obligated, or a creditor may subordinate the creditor's right to performance of an obligation by agreement with either the person obligated or another creditor of the person obligated.

(2) Subordination does not create a security interest as against either the common debtor or a subordinated creditor.

As added by P.L.143-2007, SEC.6.

IC 26-1-1.5Chapter 1.5. UCC Forms

26-1-1.5-1Format for filing 26-1-1.5-2Repealed

IC 26-1-1.5-1Format for filing Sec. 1. A format described in IC 26-1-9.1-521 may be used for filings under IC 26-1.

As added by P.L.57-2000, SEC.14. Amended by P.L.54-2011, SEC.2; P.L.177-2019, SEC.15.

IC 26-1-1.5-2RepealedAs added by P.L.57-2000, SEC.14. Repealed by P.L.54-2011, SEC.28.

IC 26-1-2Chapter 2. Sales

26-1-2-101Short title 26-1-2-102Scope; transactions in goods; hybrid transactions; transactions creating security interest excluded; statutes regulating sales to certain buyers not impaired or repealed 26-1-2-103Definitions and index of definitions 26-1-2-104"Merchant"; "between merchants"; "financing agency" 26-1-2-105Transferability; "goods"; "future" goods; "lot"; "commercial unit" 26-1-2-106"Contract"; "agreement"; "contract for sale"; "sale"; "present sale"; "conforming" to contract; "termination"; "cancellation"; "hybrid transaction" 26-1-2-107Goods to be severed from realty; recording 26-1-2-201Formal requirements; statute of frauds 26-1-2-202Record intended as final expression of parties' agreement; parol or extrinsic evidence 26-1-2-203Seals inoperative 26-1-2-204Formation in general 26-1-2-205Firm offers 26-1-2-206Offer and acceptance in formation of contract 26-1-2-207Additional terms in acceptance or confirmation 26-1-2-208Repealed 26-1-2-209Modification, rescission, and waiver 26-1-2-210Delegation of performance; assignment of rights 26-1-2-301General obligations of parties 26-1-2-302Unconscionable contract or clause 26-1-2-303Allocation or division of risks 26-1-2-304Price payable in money, goods, realty, or otherwise 26-1-2-305Open price term 26-1-2-306Output, requirements, and exclusive dealings 26-1-2-307Delivery in single lot or several lots 26-1-2-308Absence of specified place for delivery 26-1-2-309Absence of specific time provisions; notice of termination 26-1-2-310Open time for payment or running of credit; authority to ship under reservation 26-1-2-311Options and cooperation respecting performance 26-1-2-312Warranty of title and against infringement; buyer's obligation against infringement 26-1-2-313Express warranties by affirmation, promise, description, and sample 26-1-2-314Implied warranty; merchantability; usage of trade 26-1-2-315Implied warranty; fitness for particular purpose 26-1-2-316Exclusion or modification of warranties 26-1-2-317Cumulation and conflict of warranties express or implied 26-1-2-318Third party beneficiaries of warranties express or implied 26-1-2-319F.O.B. and F.A.S. terms 26-1-2-320C.I.F. and C.&F. terms 26-1-2-321C.I.F. or C.&F.; "net landed weights"; payment on arrival; warranty of condition on arrival 26-1-2-322Delivery "ex-ship" 26-1-2-323Form of bill of lading required in overseas shipment; "overseas" 26-1-2-324"No arrival, no sale" 26-1-2-325"Letter of credit"; "confirmed credit" 26-1-2-326Sale on approval and sale or return 26-1-2-327Special incidents of sale on approval and sale or return 26-1-2-328Sale by auction 26-1-2-401Passing of title; reservation of security; limited application of this section 26-1-2-402Rights of seller's creditors against sold goods 26-1-2-403Power to transfer; good faith purchase of goods; "entrusting" 26-1-2-501Insurable interest in goods; manner of identification of goods 26-1-2-502Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency 26-1-2-503Manner of seller's tender of delivery 26-1-2-504Shipment by seller 26-1-2-505Seller's shipment under reservation 26-1-2-506Rights of financing agency 26-1-2-507Effect of seller's tender; delivery on condition 26-1-2-508Cure by seller of improper tender or delivery; replacement 26-1-2-509Risk of loss in the absence of breach 26-1-2-510Effect of breach on risk of loss 26-1-2-511Tender of payment by buyer; payment by check 26-1-2-512Payment by buyer before inspection 26-1-2-513Buyer's right of inspection of goods 26-1-2-514When documents deliverable on acceptance; when on payment 26-1-2-515Preserving evidence of goods in dispute 26-1-2-601Buyer's rights on improper delivery 26-1-2-602Manner and effect of rightful rejection 26-1-2-603Merchant buyer's duties as to rightfully rejected goods 26-1-2-604Buyer's options as to salvage of rightfully rejected goods 26-1-2-605Waiver of buyer's objections by failure to particularize 26-1-2-606What constitutes acceptance of goods 26-1-2-607Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over 26-1-2-608Revocation of acceptance in whole or in part 26-1-2-609Right to adequate assurance of performance 26-1-2-610Anticipatory repudiation 26-1-2-611Retraction of anticipatory repudiation 26-1-2-612"Instalment contract"; breach 26-1-2-613Casualty to identified goods 26-1-2-614Substituted performance 26-1-2-615Excuse by failure of presupposed conditions 26-1-2-616Procedure on notice claiming excuse 26-1-2-701Remedies for breach of collateral contracts not impaired 26-1-2-702Seller's remedies on discovery of buyer's insolvency 26-1-2-703Seller's remedies in general 26-1-2-704Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods 26-1-2-705Seller's stoppage of delivery in transit or otherwise 26-1-2-706Seller's resale, including contract for resale 26-1-2-707"Person in the position of a seller" 26-1-2-708Seller's damages for nonacceptance or repudiation 26-1-2-709Action for the price 26-1-2-710Seller's incidental damages 26-1-2-711Buyer's remedies in general; buyer's security interest in rejected goods 26-1-2-712"Cover"; buyer's procurement of substitute goods 26-1-2-713Buyer's damages for nondelivery or repudiation 26-1-2-714Buyer's damages for breach in regard to accepted goods 26-1-2-715Buyer's incidental and consequential damages 26-1-2-716Buyer's right to specific performance or replevin 26-1-2-717Deduction of damages from the price 26-1-2-718Liquidation or limitation of damages; deposits 26-1-2-719Contractual modification or limitation of remedy 26-1-2-720Effect of "cancellation" or "rescission" on claims for antecedent breach 26-1-2-721Remedies for fraud 26-1-2-722Who can sue third parties for injury to goods 26-1-2-723Proof of market price; time and place 26-1-2-724Admissibility of market quotations 26-1-2-725Statute of limitations in contracts for sale