Filed House Committee Report, House Bill 1054

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COMMITTEE REPORT

YES:

NO:

MR. SPEAKER:

Your Committee on Judiciary , to which was referred House Bill 1054 , has had the same under consideration and begs leave to report the same back to the House with the recommendation that said bill be amended as follows:

SOURCE: IC 26-1-9.1-516; (13)CR105401.1. -->     "SECTION 1. IC 26-1-9.1-516, AS AMENDED BY P.L.54-2011, SECTION 16, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 516. (a) Except as otherwise provided in subsection (b) or section 901 of this chapter, communication of a record to a filing office and tender of the filing fee or acceptance of the record by the filing office constitutes filing.
    (b) Filing does not occur with respect to a record that a filing office refuses to accept because:
        (1) the record is not communicated by a method or medium of communication authorized by the filing office;
        (2) an amount equal to or greater than the applicable filing fee is not tendered;
        (3) the filing office is unable to index the record because:
            (A) in the case of an initial financing statement, the record

does not provide a name for the debtor;
            (B) in the case of an amendment or information statement, the record:
                (i) does not identify the initial financing statement as required by IC 26-1-9.1-512 or IC 26-1-9.1-518, as applicable; or
                (ii) identifies an initial financing statement whose effectiveness has lapsed under IC 26-1-9.1-515;
            (C) in the case of an initial financing statement that provides the name of a debtor identified as an individual or an amendment that provides a name of a debtor identified as an individual which was not previously provided in the financing statement to which the record relates, the record does not identify the debtor's surname; or
            (D) in the case of a record recorded in the filing office described in IC 26-1-9.1-501(a)(1), the record does not provide a sufficient description of the real property to which it relates;
        (4) in the case of an initial financing statement or an amendment that adds a secured party of record, the record does not provide a name and mailing address for the secured party of record;
        (5) in the case of an initial financing statement or an amendment that provides a name of a debtor that was not previously provided in the financing statement to which the amendment relates, the record does not:
            (A) provide a mailing address for the debtor; or
            (B) indicate whether the name provided as the name of the debtor is the name of an individual or an organization;
        (6) in the case of an assignment reflected in an initial financing statement under IC 26-1-9.1-514(a) or an amendment filed under IC 26-1-9.1-514(b), the record does not provide a name and mailing address for the assignee; or
        (7) in the case of a continuation statement, the record is not filed within the six (6) month period prescribed by IC 26-1-9.1-515(d).
    (c) For purposes of subsection (b):
        (1) a record does not provide information if the filing office is unable to read or decipher the information; and
        (2) a record that does not indicate that it is an amendment or

identify an initial financing statement to which it relates, as required by IC 26-1-9.1-512, IC 26-1-9.1-514, or IC 26-1-9.1-518, is an initial financing statement.
(d) A record that is communicated to the filing office with tender of the filing fee, but which the filing office refuses to accept for a reason other than one (1) set forth in subsection (b), is effective as a filed record except as against a purchaser of the collateral which gives value in reasonable reliance upon the absence of the record from the files.

SOURCE: IC 26-1-9.1-521; (13)CR105401.2. -->     SECTION 2. IC 26-1-9.1-521, AS AMENDED BY P.L.54-2011, SECTION 18, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 521. A filing office that accepts written records may not refuse to accept a written initial financing statement in the following form and format except for a reason set forth in IC 26-1-9.1-516(b) or IC 26-1-9.1-901:
UCC FINANCING STATEMENT
FOLLOW INSTRUCTIONS
A.    NAME & PHONE OF CONTACT AT FILER (optional)
    _____________________________________________
B.    E-MAIL CONTACT AT FILER (optional)
    ____________________________________________
C.    SEND ACKNOWLEDGMENT TO: (Name and Address)
    ______________________________________________

1.    DEBTOR'S NAME - provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any word in the Debtor's name)
    1a. ORGANIZATION'S NAME
        __________________________________________________________________
OR
    1b. INDIVIDUAL'S SURNAME    FIRST PERSONAL NAME
    __________________________    ________________________
    ADDITIONAL NAME(S)/INITIAL(S) THAT ARE    SUFFIX
    PART OF THE NAME OF THIS DEBTOR
    ________________________________________        __________
    1c. MAILING ADDRESS
    _____________________________________________________________________
    CITY                     STATE     POSTAL CODE    COUNTRY
    _____________________________    _______    ______________    __________
    2.    DEBTOR'S NAME - provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any word in the Debtor's name)
    2a. ORGANIZATION'S NAME
    _____________________________________________________________________
OR
    2b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    _______________________________    ___________________________
    ADDITIONAL NAME(S)/INITIAL(S) THAT

    ARE PART OF THE NAME OF THIS DEBTOR        SUFFIX
    _________________________________________        ___________
    2c. MAILING ADDRESS
    ____________________________________________________________________
    CITY                     STATE     POSTAL CODE    COUNTRY
    _____________________________    _______    ______________    __________
3.    SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY) - provide only one Secured Party name (3a or 3b)
    3a. ORGANIZATION'S NAME
    _____________________________________________________________________
OR
    3b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    _____________________________________    ___________________________
    ADDITIONAL NAME(S)/INITIAL(S)        SUFFIX
    _____________________________________    __________________
    3c. MAILING ADDRESS
    _____________________________________________________________________
    CITY                         STATE     POSTAL CODE    COUNTRY
    ___________________________    _______    ______________    __________
4.     COLLATERAL: This financing statement covers the following collateral:
    _____________________________________________________________________
5.    Check only if applicable and check only one box:
            Collateral is     . held in a Trust (see Instructions)
                            . being administered by a Decedent's Personal Representative.
6a.    Check only if applicable and check only one box:
    . Public-Finance Transaction . Manufactured-Home Transaction
    . A Debtor is a Transmitting Utility
6b. Check only if applicable and check only one box:
    . Agricultural Lien . Non-UCC Filing
7.    ALTERNATIVE DESIGNATION (if applicable): . Lessee/Lessor . Consignee/Consignor . Seller/Buyer . Bailee/Bailor     . Licensee/Licensor
8.    OPTIONAL FILER REFERENCE DATA
    _____________________________________________________________________

10. ADDITIONAL DEBTOR'S NAME - provide only one Debtor name (10a or 10b) (use exact, full name; do not omit, modify, or abbreviate any word in the Debtor's name)
10a. ORGANIZATION'S NAME

    __________________________________________________________________
OR
    10b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    ____________________________________    _______________________
    ADDITIONAL NAME(S)/INITIAL(S) THAT
    ARE PART OF THE NAME OF THIS DEBTOR        SUFFIX
    _________________________________________        _______________
    10c. MAILING ADDRESS
    _____________________________________________________________________
    CITY                         STATE     POSTAL CODE    COUNTRY
    _____________________________    _______    ______________    __________
    11.    . ADDITIONAL SECURED PARTY'S NAME or . ASSIGNOR SECURED PARTY'S NAME - provide only one name (11a or 11b)
    11a. ORGANIZATION'S NAME
    ___________________________________________________________________
OR
    11b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    __________________________________    _________________________
    ADDITIONAL NAME(S)/INITIAL(S)            SUFFIX
    _____________________________________    _________________________
    11c. MAILING ADDRESS
    ___________________________________________________________________
    CITY                         STATE     POSTAL CODE    COUNTRY
    _____________________________    _______    _______________    _________
12.        ADDITIONAL SPACE FOR ITEM 4 (Collateral)
        ___________________________________________________________________
13.        . This FINANCING STATEMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS (if applicable)
14.    This FINANCING STATEMENT:
        . covers timber to be cut . covers as-extracted collateral . is filed as a fixture filing
15.        Name and address of a RECORD OWNER of real estate described in item 16 (if Debtor does not have a record interest):
     ____________________________________________________________________
16.    Description of real estate:
    _____________________________________________________________________
17.    MISCELLANEOUS:
    ____________________________________________________________________

    1a. INITIAL FINANCING STATEMENT FILE NUMBER
    ____________________________________________________________________
    1b. . This FINANCING STATEMENT AMENDMENT is to be filed [for record] (or recorded) in the REAL ESTATE RECORDS.
    Filer: attach Amendment Addendum (Form UCC3Ad) and provide Debtor's name in item 13.
2.    . TERMINATION: Effectiveness of the Financing Statement identified above is terminated with respect to the security interest(s) of Secured Party authorizing this Termination Statement
3.    . ASSIGNMENT (full or partial): Provide name of Assignee in item 7a or 7b, and address of Assignee in item 7c and name of
    Assignor in item 9. For partial assignment, complete items 7 and 9 and also indicate affected collateral in item 8
4.    . CONTINUATION: Effectiveness of the Financing Statement identified above with respect to the security interest(s) of Secured Party authorizing this Continuation Statement is continued for the additional period provided by applicable law
5.    . PARTY INFORMATION CHANGE:
    Check one of these two boxes:
    This Change affects . Debtor or . Secured Party of record.
    AND
    Check one of these three boxes to:
    . CHANGE name and/or address: Complete item 6a or 6b, and item 7a or 7b and item 7c.
    . ADD name: Complete item 7a or 7b, and item 7c.
    . DELETE name: Give record name to be deleted in item 6a or 6b.
6.    CURRENT RECORD INFORMATION: Complete for Party Information Change - provide only one name (6a or 6b) (use exact, full name; do not omit, modify, or abbreviate any word in the Debtor's name)
    6a. ORGANIZATION'S NAME
    _____________________________________________________________________
OR
    6b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    __________________________________    _________________________
    ADDITIONAL NAME(S)/INITIAL(S)        SUFFIX
    _____________________________________    _________________________
7.    CHANGED OR ADDED INFORMATION: Complete for Assignment or Party Information Change - provide only one name (7a or 7b) (use exact full name; do not omit, modify, or abbreviate any word in the Debtor's name)
    7a. ORGANIZATION'S NAME
    ____________________________________________________________________
OR
    7b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    __________________________________    _________________________
        ADDITIONAL NAME(S)/INITIAL(S) THAT ARE
        PART OF THE NAME OF THIS DEBTOR     SUFFIX
    _____________________________________    _____________
    7c. MAILING ADDRESS
    ___________________________________________________________________
    CITY                         STATE     POSTAL CODE    COUNTRY
    _____________________________    _______    _______________    _________

8.    . COLLATERAL CHANGE:
    Also check one of these four boxes:
    . ADD collateral . DELETE collateral . RESTATE covered collateral
    . ASSIGN collateral
    Indicate collateral:
9.    NAME OF SECURED PARTY OF RECORD AUTHORIZING THIS AMENDMENT - provide only one name (9a or 9b) (name of Assignor, if this is an Assignment)
    If this is an Amendment authorized by a DEBTOR, check here . and provide name of authorizing Debtor
    9a. ORGANIZATION'S NAME
    __________________________________________________________________
OR
    9b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    __________________________________    _________________________
    ADDITIONAL NAME(S)/INITIAL(S)        SUFFIX
    ______________________________________    ____________
10.    OPTIONAL FILER REFERENCE DATA
    _____________________________________________________________________

13.    Name of DEBTOR on related financing statement (Name of a current Debtor of record required for indexing purposes only in some filing offices - see Instruction for item 13 - insert only one Debtor name (13a or 13b) (use exact, full name; do not omit, modify, or abbreviate any word in the Debtor's name)
    13a. ORGANIZATION'S NAME
    _____________________________________________________________________
OR
    13b. INDIVIDUAL'S SURNAME        FIRST PERSONAL NAME
    __________________________________    _________________________
    ADDITIONAL NAME(S)/INITIAL(S)            SUFFIX
    _______________________________________________    ___________
14.    ADDITIONAL SPACE FOR ITEM 8 (Collateral)
    ____________________________________________________________________
15.    This FINANCING STATEMENT AMENDMENT:    . covers timber to be cut    . covers as-extracted collateral     . is filed as a fixture filing

16.    Name and address of a RECORD OWNER of real estate described in item 17 (if Debtor does not have a record interest):
    _____________________________________________________________________
17.        Description of real estate
    _____________________________________________________________________
18.        MISCELLANEOUS:
    _____________________________________________________________________

SOURCE: Page 1, line 1; (13)CR105401.1. -->     Page 1, line 1, delete "IC 26-1-9.1-900" and insert "IC 26-1-9.1-901".
    Page 1, line 3, delete "JULY 1, 2013]:" and insert "UPON PASSAGE]:".
    Page 1, line 3, delete "Sec. 900." and insert " Sec. 901.".
    Page 1, line 4, delete "document" and insert " financing statement".
    Page 1, line 5, delete "document" and insert " financing statement".
    Page 1, line 7, delete "document" and insert " financing statement".
    Page 1, line 10, delete "document" and insert " financing statement".
    Page 1, line 11, delete "document" and insert " financing statement".
    Page 2, line 4, after "consent" insert " or participation".
    Page 2, line 13, delete "document" and insert " financing statement".
    Page 2, delete lines 14 through 22.
    Page 2, line 23, delete "(d)" and insert " (c)".
    Page 2, line 24, delete "document" and insert " financing statement".
    Page 2, line 26, delete "IC 26-1-9.1-901" and insert "IC 26-1-9.1-902".
    Page 2, line 28, delete "JULY 1, 2013]:" and insert "UPON PASSAGE]:".

    Page 2, line 28, delete "Sec. 901." and insert " Sec. 902.".
    Page 2, line 29, delete "900" and insert " 901".
    Page 3, after line 3, begin a new paragraph and insert:

SOURCE: ; (13)CR105401.5. -->     "SECTION 5. An emergency is declared for this act.".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 1054 as introduced.)

and when so amended that said bill do pass.

__________________________________

Representative Steuerwald

CR105401/DI 107 2013