Iowa Code » Chapter 554 — UNIFORM COMMERCIAL CODE
Iowa Code

Iowa Code § 554.9107 (2026)

Control of letter-of-credit right

✓ current as of July 2026
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A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person\n\nTue Dec 09 22:02:42 2025 Iowa Code 2026, Chapter 554 (108, 4) §554.9107, UNIFORM COMMERCIAL CODE 158\n\nhas consented to an assignment of proceeds of the letter of credit under section 554.5114, subsection 3, or otherwise applicable law or practice. 2000 Acts, ch 1149, §7, 185, 187 Referred to in §554.9203, 554.9207, 554.9208, 554.9314, 554.9329, 554.9601

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Notes of Decisions
Cited in 5 cases, 1977–2001 · leading case: In Re Hansen, 85 B.R. 821 (Bankr. D. Iowa 1988).
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In Re Hansen, 85 B.R. 821 (Bankr. D. Iowa 1988). · cites it 7× “The Debtor contends pursuant to Iowa Code § 554.9107 the FmHA is not a purchase money security interest holder and the lien on the John Deere tractor can be avoided under 11 U.”
Farmers Coop. Elevator Co. v. Union State Bank, 409 N.W.2d 178 (Iowa 1987). · cites it 4× ““Purchase money security interests” are defined in section 554.9107: A security interest is a “purchase money security interest” to the extent that it is a.”
Citizens Sav. Bank v. Miller, 515 N.W.2d 7 (Iowa 1994). · cites it 4× “Iowa Code § 554.9107 (b); see Farmers Coop.”
In Re McAllister, 267 B.R. 614 (Bankr. D. Iowa 2001). · cites it 4× “Iowa Code § 554.9107 (b); section 554.9204 *619 comment 2; John Deere Co.”
Sec. Sav. Bank of Marshalltown, Iowa v. United States, 440 F. Supp. 444 (S.D. Iowa 1977). “§ 554.9107, Jowa Code (1975). The security agreement entered into between these parties on or about that date did cover the “proceeds” of that collateral.”
Iowa Code § 554.9107(a): 1 case
Farmers Coop. Elevator Co. v. Union State Bank, 409 N.W.2d 178 (Iowa 1987). ““Purchase money security interests” are defined in section 554.9107: A security interest is a “purchase money security interest” to the extent that it is a.”
Iowa Code § 554.9107(b): 1 case
In Re Hansen, 85 B.R. 821 (Bankr. D. Iowa 1988). “The Debtor contends pursuant to Iowa Code § 554.9107 the FmHA is not a purchase money security interest holder and the lien on the John Deere tractor can be avoided under 11 U.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.