Sec. 603. If more than one (1) person claims title to or possession of the goods, the bailee is excused from delivery until the bailee has a reasonable time to ascertain the validity of the adverse claims or to commence an action for interpleader. The bailee may assert an interpleader either in defending an action for nondelivery of the goods or by original action, whichever is appropriate. Formerly: Acts 1963, c.317, s.7-603. As amended by P.L.143-2007, SEC.63. IC 26-1-8 Chapter 8. Repealed IC 26-1-8.1 Chapter 8.1. Investment Securities 26-1-8.1-0.1 Effect of enactment of chapter 26-1-8.1-0.3 Perfection of certain security interests; continuation of perfection 26-1-8.1-101 Short title 26-1-8.1-102 Definitions and index of definitions; principles of construction and interpretation; characterization of person, business, or transaction 26-1-8.1-103 Classification as security or financial asset 26-1-8.1-104 Acquisition of a security or financial asset 26-1-8.1-105 Notice of adverse claim 26-1-8.1-106 Control by purchaser; certificated security, uncertificated security, or security entitlement; agreement by issuer or securities intermediary to comply with purchaser's orders or instructions 26-1-8.1-107 Effectiveness of endorsement, instruction, or entitlement order 26-1-8.1-108 Warranties upon purchase or transfer of security 26-1-8.1-109 Warranties made by and to a securities intermediary 26-1-8.1-110 Governing local law; determination of jurisdiction of issuer or securities intermediary 26-1-8.1-111 Applicability of rules adopted by clearing corporations 26-1-8.1-112 Creditor access to debtor's interest in a security 26-1-8.1-113 Enforceability of contracts for sale or purchase of a security 26-1-8.1-114 Special rules in actions against issuers of a certificated security 26-1-8.1-115 Liability of securities intermediary, broker, or other agent or bailee 26-1-8.1-116 Determination of securities intermediary as purchaser for value 26-1-8.1-201 "Issuer" defined 26-1-8.1-202 Terms of security; rules on validity; issuer's defenses; cancellation of contracts 26-1-8.1-203 Notice of defects 26-1-8.1-204 Restrictions on transfer 26-1-8.1-205 Effect of unauthorized signature or certificate 26-1-8.1-206 Enforceability of incomplete or incorrect certificate 26-1-8.1-207 Registered owner to exercise all rights and powers of owner absent appropriate notice of transfer 26-1-8.1-208 Warranties by security certificate authenticating signatory 26-1-8.1-209 Issuer's lien 26-1-8.1-210 Overissue of security; refund in the event of unavailability of security 26-1-8.1-301 Delivery of security 26-1-8.1-302 Rights acquired by purchaser 26-1-8.1-303 "Protected purchaser" defined; acquisition of interest free of adverse claims 26-1-8.1-304 Endorsement of securities 26-1-8.1-305 Incomplete instructions; obligations imposed on person initiating instructions 26-1-8.1-306 Warranties by guarantor 26-1-8.1-307 Duties of transferor of security 26-1-8.1-401 Issuer's duty to register transfer 26-1-8.1-402 Issuer's right to assurances 26-1-8.1-403 Demand that transfer not be registered; notice; contents; liability 26-1-8.1-404 Issuer liability for wrongful registration of transfer 26-1-8.1-405 Issuance of new certificates; protected purchasers 26-1-8.1-406 Failure to notify issuer of lost, destroyed, or wrongfully taken certificates 26-1-8.1-407 Obligations of agents acting on behalf of issuer 26-1-8.1-501 Acquisition of security entitlements 26-1-8.1-502 Adverse claims against person holding a security entitlement 26-1-8.1-503 Property interests in financial assets; enforcement of property rights; purchasers for value 26-1-8.1-504 Maintenance of financial assets by securities intermediary; exempted entity 26-1-8.1-505 Duty of securities intermediary to obtain and pay distributions on financial assets 26-1-8.1-506 Duty of securities intermediary to exercise rights as directed by entitlement holder 26-1-8.1-507 Duty of securities intermediary to comply with entitlement order; liability for wrongful transfer 26-1-8.1-508 Duty of securities intermediary to act at direction of entitlement holder 26-1-8.1-509 Standards for performance of duties by securities intermediary 26-1-8.1-510 Purchaser for value of financial asset or security entitlement; adverse claims 26-1-8.1-511 Priority of claims in financial asset
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