Except as otherwise provided in sections 554.9303 through 554.9306B, the following rules
determine the law governing perfection, the effect of perfection or nonperfection, and the
priority of a security interest in collateral:
1. Except as otherwise provided in this section, while a debtor is located in a jurisdiction,
the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection,
and the priority of a security interest in collateral.
2. While collateral is located in a jurisdiction, the local law of that jurisdiction governs
perfection, the effect of perfection or nonperfection, and the priority of a possessory security
interest in that collateral.
3. Except as otherwise provided in subsection 4, while negotiable tangible documents,
goods, instruments, or tangible money is located in a jurisdiction, the local law of that
jurisdiction governs:
a. perfection of a security interest in the goods by filing a fixture filing;
b. perfection of a security interest in timber to be cut; and
c. the effect of perfection or nonperfection and the priority of a nonpossessory security
interest in the collateral.
4. The local law of the jurisdiction in which the wellhead or minehead is located governs
perfection, the effect of perfection or nonperfection, and the priority of a security interest in
as-extracted collateral.
2000 Acts, ch 1149, §21, 185, 187; 2007 Acts, ch 30, §45, 46, 69; 2022 Acts, ch 1117, §23;
2024 Acts, ch 1023, §53, 54
Referred to in §554.1301, 554.9316
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Notes of Decisions
In Re Waters, 90 B.R. 946 (Bankr. D. Iowa 1988).
· cites it 2× “The Debtors in this case, as debtors in possession under Chapter 11, have all the rights of a trustee under Title 11. 11 U.S. C. § 1107. The trustee under Title 11 would have all the rights of a hypothetical lien creditor and thus would be able to avoid any unperfected liens.”
Padzensky v. Kinzenbaw, 343 N.W.2d 467 (Iowa 1984).
· cites it 2× “It further ruled that a judgment lien creditor had priority over the assignee, under Iowa Code section 554.9301(l)(b) since the assignment was never perfected.”
Citizens Sav. Bank v. Sac City State Bank, 315 N.W.2d 20 (Iowa 1982).
“See §§ 554.9301, .9312, The Code. VI. Did Sac City’s Security Interest Cover its Losses on the Full Recourse Chattel Paper Sold it by TJC, Inc.”
Sec. Sav. Bank of Marshalltown, Iowa v. United States, 440 F. Supp. 444 (S.D. Iowa 1977).
· cites it 2× “§ 554.9301(1). But this ten-day grace period as to proceeds only permits the previous creditor time to again perfect his secured interest and assure his priority over other creditors.”
Merchants Nat'l Bank of Cedar Rapids v. Halberstadt, 425 N.W.2d 429 (Iowa Ct. App. 1988).
· cites it 2× “See Iowa Code § 554.9301 (1) and (3) (1985) (an unperfected security interest is subordinate to rights of a person who becomes a lien creditor by attachment before the security interest was perfected).”
Agriliance, L.L.C. v. Farmpro Servs., Inc., 328 F. Supp. 2d 958 (S.D. Iowa 2003).
· cites it 2× “DISCUSSION In general, this case concerns secured transactions, and, thus, Article 9 of the Uniform Commercial Code is applicable, Iowa’s version being located at Iowa Code § 554.9301 , et seq. The Cashier’s Check at issue in this case is a negotiable instrument “subject to the…”
Davis Cnty. Sav. Bank v. Prod. Credit Ass'n, 419 N.W.2d 384 (Iowa 1988).
“1249, §§ 41, 52, and are presently codified at sections 554.9301(4) and 554.-9312(7). As stated in one commentary, these subsections were added “to make clear what limitations exist with respect to future-advance clauses.”
— Iowa Code § 554.9301(1) — 1 case
Sec. Sav. Bank of Marshalltown, Iowa v. United States, 440 F. Supp. 444 (S.D. Iowa 1977).
“§ 554.9301(1). But this ten-day grace period as to proceeds only permits the previous creditor time to again perfect his secured interest and assure his priority over other creditors.”
— Iowa Code § 554.9301(1)(b) — 1 case
— Iowa Code § 554.9301(3) — 1 case
— Iowa Code § 554.9301(4) — 1 case
Davis Cnty. Sav. Bank v. Prod. Credit Ass'n, 419 N.W.2d 384 (Iowa 1988).
“1249, §§ 41, 52, and are presently codified at sections 554.9301(4) and 554.-9312(7). As stated in one commentary, these subsections were added “to make clear what limitations exist with respect to future-advance clauses.”
— Iowa Code § 554.9301(l)(b) — 2 cases
Padzensky v. Kinzenbaw, 343 N.W.2d 467 (Iowa 1984).
“It further ruled that a judgment lien creditor had priority over the assignee, under Iowa Code section 554.9301(l)(b) since the assignment was never perfected.”
Sec. Sav. Bank of Marshalltown, Iowa v. United States, 440 F. Supp. 444 (S.D. Iowa 1977).
“§ 554.9301(1). But this ten-day grace period as to proceeds only permits the previous creditor time to again perfect his secured interest and assure his priority over other creditors.”
— Iowa Code § 554.9301(l)(e) — 1 case
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.