1. A cause of action against a maker or an acceptor accrues
a. in the case of a time instrument on the day after maturity;
b. in the case of a demand instrument upon its date or, if no date is stated, on the date of issue.
2. A cause of action against the obligor of a demand or time certificate of deposit accrues upon demand, but demand on a time certificate may not be made until on or after the date of maturity.
3. A cause of action against a drawer of a draft or an endorser of any instrument accrues upon demand following dishonor of the instrument. Notice of dishonor is a demand.\n\nTue Dec 09 22:02:40 2025 Iowa Code 2026, Chapter 554 (108, 4) §554.3118, UNIFORM COMMERCIAL CODE 62\n\n 4. Unless an instrument provides otherwise, interest runs at the rate provided by law for a judgment
a. in the case of a maker, acceptor or other primary obligor of a demand instrument, from the date of demand;
b. in all other cases from the date of accrual of the cause of action. 94 Acts, ch 1167, §27, 121, 122 \n
Notes of Decisions
Baron v. Crossroads Ctr. of Iowa, Inc., 165 N.W.2d 745 (Iowa 1969).
· cites it 4× “After applying all of the ordinary processes of interpretation, including all existing usages, general, local, technical, trade, and the custom and agreement of the two parties with each other, having admitted in evidence and duly weighed all the relevant circumstances and…”
Mishler v. Stouwie, 301 N.W.2d 744 (Iowa 1981).
“” § 554.3118(e); see Hubert v. Lawson, 146 Ga.”
— Iowa Code § 554.3118(b) — 1 case
Baron v. Crossroads Ctr. of Iowa, Inc., 165 N.W.2d 745 (Iowa 1969).
“After applying all of the ordinary processes of interpretation, including all existing usages, general, local, technical, trade, and the custom and agreement of the two parties with each other, having admitted in evidence and duly weighed all the relevant circumstances and…”
— Iowa Code § 554.3118(e) — 1 case
Mishler v. Stouwie, 301 N.W.2d 744 (Iowa 1981).
“” § 554.3118(e); see Hubert v. Lawson, 146 Ga.”
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