Citations Affected: IC 26-2.
Synopsis: Electronic sales and lease transactions. Provides that the
Uniform Electronic Transaction Act applies to the Uniform
Commercial Code sections on sales and leases.
Effective: July 1, 2001.
January 8, 2001, read first time and referred to Committee on Commerce and Consumer
January 30, 2001, reported favorably _ Do Pass.
A BILL FOR AN ACT to amend the Indiana Code concerning
, AS ADDED BY P.L.62-2000,
SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
JULY 1, 2001]: Sec. 103. (a) Except as otherwise provided in
subsection (b), this chapter applies to electronic records and electronic
signatures that relate to a transaction.
(b) This chapter does not apply to transactions subject to the following laws:
(1) A law governing the creation and execution of wills, codicils, or testamentary trusts.
IC 26-1-1, IC 26-1 other than
(3) IC 26-1-2, IC 26-1-2.1, IC 26-1-3.1, IC 26-1-4, IC 26-1-4.1.
IC 26-1-5.1, IC 26-1-6.1, IC 26-1-7, IC 26-1-8.1, or IC 26-1-9.
(4) (3) Laws specifically excluded by a governmental agency
under sections 201 and 202 of this chapter.
(c) This chapter applies to an electronic record or electronic signature otherwise excluded from the application of this chapter under
subsection (b) when used for transactions subject to a law other than
those specified in subsection (b).
(d) A transaction subject to this chapter is also subject to other applicable substantive law.