Iowa Code

Iowa Code § 554.9503 (2026)

Name of debtor and secured party

✓ current as of July 2026

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1. Sufficiency of debtor’s name. A financing statement sufficiently provides the name of the debtor: a. except as otherwise provided in paragraph “c”, if the debtor is a registered organization or if the collateral is held in a trust that is a registered organization, only if the financing statement provides the name that is stated to be the registered organization’s name on the public organic record most recently filed with or issued or enacted by the registered organization’s jurisdiction of organization which purports to state, amend, or restate the registered organization’s name; b. subject to subsection 6, if the collateral is being administered by the personal representative of a decedent, only if the financing statement provides, as the name of the debtor, the name of the decedent and, in a separate part of the financing statement, indicates that the collateral is being administered by a personal representative; c. if the collateral is held in a trust that is not a registered organization, only if the financing statement: (1) provides as the name of the debtor: (a) if the organic record of the trust specifies a name for the trust, the name specified; or (b) if the organic record of the trust does not specify a name for the trust, the name of the settlor or testator; and (2) in a separate part of the financing statement: (a) if the name is provided in accordance with subparagraph (1), subparagraph division (a), indicates that the collateral is held in a trust; or (b) if the name is provided in accordance with subparagraph (1), subparagraph division (b), provides additional information sufficient to distinguish the trust from other trusts having one or more of the same settlors or the same testator and indicates that the collateral is held in a trust, unless the additional information so indicates; d. subject to subsection 7, if the debtor is an individual to whom this state has issued a driver’s license under chapter 321 that has not expired, only if the financing statement provides the name of the individual which is indicated on the driver’s license; e. if the debtor is an individual to whom paragraph “d” does not apply, only if the financing statement provides the individual name of the debtor or the surname and first personal name of the debtor; and f. in other cases: (1) if the debtor has a name, only if the financing statement provides the organizational name of the debtor; and (2) if the debtor does not have a name, only if it provides the names of the partners, members, associates, or other persons comprising the debtor, in a manner that each name provided would be sufficient if the person named were the debtor. 2. Additional debtor-related information. A financing statement that provides the name of the debtor in accordance with subsection 1 is not rendered ineffective by the absence of: a. a trade name or other name of the debtor; or b. unless required under subsection 1, paragraph “f”, subparagraph (2), names of partners, members, associates, or other persons comprising the debtor. 3. Debtor’s trade name insufficient. A financing statement that provides only the debtor’s trade name does not sufficiently provide the name of the debtor. 4. Representative capacity. Failure to indicate the representative capacity of a secured\n\nTue Dec 09 22:02:42 2025 Iowa Code 2026, Chapter 554 (108, 4) 197 UNIFORM COMMERCIAL CODE, §554.9506\n\nparty or representative of a secured party does not affect the sufficiency of a financing statement. 5. Multiple debtors and secured parties. A financing statement may provide the name of more than one debtor and the name of more than one secured party. 6. Name of decedent. The name of the decedent indicated on the order appointing the personal representative of the decedent issued by the court having jurisdiction over the collateral is sufficient as the “name of the decedent” under subsection 1, paragraph “b”. 7. Multiple driver’s licenses. If this state has issued to an individual more than one driver’s license under chapter 321 of a kind described in subsection 1, paragraph “d”, the one that was issued most recently is the one to which subsection 1, paragraph “d” refers. 8. Definition. In this section, the “name of the settlor or testator” means: a. if the settlor is a registered organization, the name that is stated to be the settlor’s name on the public organic record most recently filed with or issued or enacted by the settlor’s jurisdiction of organization which purports to state, amend, or restate the settlor’s name; or b. in other cases, the name of the settlor or testator indicated in the trust’s organic record. 2000 Acts, ch 1149, §74, 185, 187; 2012 Acts, ch 1052, §13 – 15, 37 Referred to in §554.9502, 554.9506, 554.9507

Notes of Decisions

Cited in 7 cases, 1986–2020 · leading case: Interfirst Bank, Dallas, Texas v. Hanson, 395 N.W.2d 857 (Iowa 1986).

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Interfirst Bank, Dallas, Texas v. Hanson, 395 N.W.2d 857 (Iowa 1986). · cites it 20× “See Iowa Code § 554.9503 . We believe that the counterclaim was a conversion action which would have been subject to a pretrial motion.”

State v. Miller, 622 N.W.2d 782 (Iowa Ct. App. 2000). · cites it 6× “Section 554.9503 governs a secured party’s right to repossess the property which serves as security.”

Klooster v. North Iowa State Bank, 404 N.W.2d 564 (Iowa 1987). · cites it 4× “In the present case, the bank, in addition to asserting that it had reasonable cause to believe that the Kloosters were acting in a manner which would give an unsecured creditor grounds to obtain a writ of attachment, has also contended throughout that, as a secured creditor, it…”

First State Bank v. Shirley Ag Serv., Inc., 417 N.W.2d 448 (Iowa 1987). · cites it 2× “Iowa Code § 554.9503 (1983). In an analogous situation, we have held that an obligee’s contractual rights under a promissory note, even though previously waived by a course of dealing between the parties, may be enforced if the obligor is informed of the note-holder's intention…”

Hartford-Carlisle Sav. Bank v. Shivers, 566 N.W.2d 877 (Iowa 1997). “Iowa Code sections 554.9503 and 554.9504(1) of Iowa’s Uniform Commercial Code permit a secured creditor to repossess and dispose of collateral upon a debtor’s default.”

Keast Enter. Inc. (Bankr. S.D. Iowa 2020). · cites it 4× “Iowa Code §554.9503 (1)(a) specifies that a financing statement sufficiently provides the name of the debtor, who is a registered organization, such as Keast Enterprises Inc.”

— Iowa Code § 554.9503(1)(d) — 2 cases

Keast Enter. Inc. (Bankr. S.D. Iowa 2020). “Iowa Code §554.9503 (1)(a) specifies that a financing statement sufficiently provides the name of the debtor, who is a registered organization, such as Keast Enterprises Inc.”

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