Iowa Code

Iowa Code § 554.9303 (2026)

Law governing perfection and priority of security interests in goods covered by a certificate of title

✓ current as of July 2026
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1. Applicability of section. This section applies to goods covered by a certificate of title, even if there is no other relationship between the jurisdiction under whose certificate of title the goods are covered and the goods or the debtor. 2. When goods covered by certificate of title. Goods become covered by a certificate of title when a valid application for the certificate of title and the applicable fee are delivered to the appropriate authority. Goods cease to be covered by a certificate of title at the earlier of the time the certificate of title ceases to be effective under the law of the issuing jurisdiction

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Tue Dec 09 22:02:42 2025 Iowa Code 2026, Chapter 554 (108, 4) 167 UNIFORM COMMERCIAL CODE, §554.9305\n\nor the time the goods become covered subsequently by a certificate of title issued by another jurisdiction. 3. Applicable law. The local law of the jurisdiction under whose certificate of title the goods are covered governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in goods covered by a certificate of title from the time the goods become covered by the certificate of title until the goods cease to be covered by the certificate of title. 2000 Acts, ch 1149, §23, 185, 187 Referred to in §321.50, 554.1301, 554.9301

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Notes of Decisions
Cited in 5 cases, 1988–2001 · leading case: Kunkel v. Ries (In Re Morken), 199 B.R. 940 (Bankr. D. Minn. 1996).
Kunkel v. Ries (In Re Morken), 199 B.R. 940 (Bankr. D. Minn. 1996). · cites it 2× “§ 9-303 and Iowa Code § 554.9303 . 20 . See Minn.Stat.”
Fed. Deposit Ins. Corp. v. Mount Pleasant Prof'l Bldg., 426 N.W.2d 126 (Iowa 1988). “” Iowa Code § 554.9303 (1). Attachment occurs when the debtor has signed a security agreement which contains a description of the collateral, value has been given, and the debtor has rights in the collateral.”
In Re McAllister, 267 B.R. 614 (Bankr. D. Iowa 2001). · cites it 3× “Iowa Code §§ 554.9303 (1), 554.9302(1). “If such steps are taken before the security interest attaches, it is perfected at the time when it attaches.”
C & H Farm Serv. Co. of Iowa v. Farmers Sav. Bank, 449 N.W.2d 866 (Iowa 1989). “See Iowa Code § 554.9303 (1). In addition to the ordinary formal requisites of a financing statement, a financing statement for crops growing or to be grown must also “contain a description of the real estate concerned.”
United States v. Lincoln Sav. Bank (In Re Com. Millwright Serv. Corp.), 245 B.R. 585 (Bankr. D. Iowa 1998). “Iowa Code § 554.9303 (2). Conflicting secured interests rank according to priority in time of filing or perfection, provided there is no period thereafter when there is neither filing nor perfection.”
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