Iowa Code

Iowa Code § 554.9331 (2026)

Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments, and securities under other Articles — priority of interests in financial assets and security

✓ current as of July 2026

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entitlements and protection against assertion of claims under Articles 8 and 14.

1. Rights under Articles 3, 7, 8, and 14 not limited. This Article does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, a protected purchaser of a security, or a qualifying purchaser of a controllable account, controllable electronic record, or controllable payment intangible. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in Articles 3, 7, 8, and 14.

2. Protection under Articles 8 and 14. This Article does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under Article 8 or 14.

3. Filing not notice. Filing under this Article does not constitute notice of a claim or defense to the holders, purchasers, or persons described in subsections 1 and 2. 2000 Acts, ch 1149, §51, 187; 2022 Acts, ch 1117, §31; 2024 Acts, ch 1023, §73 Referred to in §554.9322, 554.9330\n\n 554.9332 Transfer of money — transfer of funds from deposit account.

1. Transferee of tangible money. A transferee of tangible money takes the money free\n\nTue Dec 09 22:02:42 2025 Iowa Code 2026, Chapter 554 (108, 4) §554.9332, UNIFORM COMMERCIAL CODE 186\n\nof a security interest if the transferee receives possession of the money without acting in collusion with the debtor in violating the rights of the secured party.

2. Transferee of funds from deposit account. A transferee of funds from a deposit account takes the funds free of a security interest in the deposit account if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.

3. Transferee of electronic money. A transferee of electronic money takes the money free of a security interest if the transferee obtains control of the money without acting in collusion with the debtor in violating the rights of the secured party. 2000 Acts, ch 1149, §52, 187; 2022 Acts, ch 1117, §32; 2024 Acts, ch 1023, §74 \n

Notes of Decisions

Cited in 3 cases (1 in the last 5 years), 2003–2021 · leading case: Agriliance, L.L.C. v. Farmpro Servs., Inc., 328 F. Supp. 2d 958 (S.D. Iowa 2003).

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Agriliance, L.L.C. v. Farmpro Servs., Inc., 328 F. Supp. 2d 958 (S.D. Iowa 2003). · cites it 7× “Iowa Code § 554.9331 (1) indicates that the priority rules of Article 3 govern over the priority rules of Article 9.”

Agrifund, LLC v. Heartland Co-op, 8 F.4th 660 (8th Cir. 2021). “” Iowa Code § 554.9331 , cmt. 5. Heartland bears the burden of establishing each of the required elements for this affirmative defense, but the parties stipulate that Heartland took the Salters’ payment “for value.”

Agriliance, L.L.C. v. Runnells Grain Elevator, Inc., 272 F. Supp. 2d 800 (S.D. Iowa 2003). “See Iowa Code § 554.9331 (3) (“[f]iling under this Article does not constitute notice of a claim or defense to [holders in due course of negotiable instruments].”

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.