Except as provided in this section, a financing statement filed to perfect an agricultural supply dealer lien shall be governed by chapter 554, article 9, part 5, in the same manner as any other financing statement.
1. The lien becomes effective at the time that the farmer purchases the agricultural supply.
2. In order to perfect the lien, the agricultural supply dealer must file a financing statement in the office of the secretary of state as provided in section 554.9308 within thirty-one days after the date that the farmer purchases the agricultural supply. The financing statement shall meet the requirements of section 554.9502, subsection 1, and include all applicable information described in section 554.9516. Filing a financing statement as provided in this subsection satisfies all requirements for perfection of an agricultural lien as provided in chapter 554, article 9. 84 Acts, ch 1072, §4; 85 Acts, ch 204, §4; 88 Acts, ch 1275, §40; 91 Acts, ch 267, §630; 2000 Acts, ch 1149, §177, 187; 2003 Acts, ch 82, §5 Referred to in §570A.5 \n
Notes of Decisions
Oyens Feed & Supply, Inc. v. Primebank, 879 N.W.2d 853 (Iowa 2016).
· cites it 58× “In order to perfect the" lien, the agricultural supply dealer must file a financing statement in the office of the secretary of state as provided in section 554.9308 within thirty-one days after the date that the farmer purchases the agricultural supply.”
Schley v. Peoples Bank (In re Schley), 565 B.R. 655 (Bankr. D. Iowa 2017).
· cites it 2× “54 in feed it supplied from February 9 to March 11, 2010. The Iowa Supreme Court and this Court have interpreted Iowa Code chapter 570A in a number of cases, including an earlier decision in this case.”
Schley v. Peoples Bank (In re Schley), 509 B.R. 901 (Bankr. D. Iowa 2014).
“On the record made in this case to date, the first financing statement would— at most — cover $43,317 in feed WFS claimed it supplied to Debtor. The second financing statement, filed after the sale of the pigs at issue here, would cover the 31-day period before June 30, 2010.”
Keast Enter. Inc. (Bankr. S.D. Iowa 2020).
· cites it 6× “[A]n agricultural supply dealer's financing statement cannot perfect a lien under section 570A.4 for quantities of feed sold on credit after the statement is filed.”
Keast Enter. Inc. (Bankr. S.D. Iowa 2020).
· cites it 6× “[A]n agricultural supply dealer's financing statement cannot perfect a lien under section 570A.4 for quantities of feed sold on credit after the statement is filed.”
— Iowa Code § 570A.4(1) — 4 cases
Oyens Feed & Supply, Inc. v. Primebank, 879 N.W.2d 853 (Iowa 2016).
“In order to perfect the" lien, the agricultural supply dealer must file a financing statement in the office of the secretary of state as provided in section 554.9308 within thirty-one days after the date that the farmer purchases the agricultural supply.”
— Iowa Code § 570A.4(1)(6) — 1 case
Oyens Feed & Supply, Inc. v. Primebank, 879 N.W.2d 853 (Iowa 2016).
“In order to perfect the" lien, the agricultural supply dealer must file a financing statement in the office of the secretary of state as provided in section 554.9308 within thirty-one days after the date that the farmer purchases the agricultural supply.”
— Iowa Code § 570A.4(1)(b) — 2 cases
Oyens Feed & Supply, Inc. v. Primebank, 879 N.W.2d 853 (Iowa 2016).
“In order to perfect the" lien, the agricultural supply dealer must file a financing statement in the office of the secretary of state as provided in section 554.9308 within thirty-one days after the date that the farmer purchases the agricultural supply.”
— Iowa Code § 570A.4(2) — 9 cases
Oyens Feed & Supply, Inc. v. Primebank, 879 N.W.2d 853 (Iowa 2016).
“In order to perfect the" lien, the agricultural supply dealer must file a financing statement in the office of the secretary of state as provided in section 554.9308 within thirty-one days after the date that the farmer purchases the agricultural supply.”
Schley v. Peoples Bank (In re Schley), 509 B.R. 901 (Bankr. D. Iowa 2014).
“On the record made in this case to date, the first financing statement would— at most — cover $43,317 in feed WFS claimed it supplied to Debtor. The second financing statement, filed after the sale of the pigs at issue here, would cover the 31-day period before June 30, 2010.”
— Iowa Code § 570A.4(l)(6) — 1 case
Oyens Feed & Supply, Inc. v. Primebank, 879 N.W.2d 853 (Iowa 2016).
“In order to perfect the" lien, the agricultural supply dealer must file a financing statement in the office of the secretary of state as provided in section 554.9308 within thirty-one days after the date that the farmer purchases the agricultural supply.”
— Iowa Code § 570A.4(l)(b) — 1 case
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