Iowa Code
Iowa Code § 626.34 (2026)
Personal property subject to security interest — payment
✓ current as of July 2026
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Personal property subject to a security interest not exempt from execution may be taken on attachment or execution issued against the debtor, if the officer, or the attachment or execution creditor, within ten days after such levy, shall pay to the secured party the amount of the secured debt and interest accrued, or deposit the same with the clerk of the district court of the county from which the attachment or execution issued, for the use of the secured party, or secure the same as in this chapter provided. [C97, §3979; C24, 27, 31, 35, 39, §11682; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §626.34] Applicable to attachments, §639.40
\nNotes of Decisions
Cited in 3
cases, 1963–2004 · leading case: Assocs. Disc. Corp. v. Held, 123 N.W.2d 869 (Iowa 1963).
Assocs. Disc. Corp. v. Held, 123 N.W.2d 869 (Iowa 1963). “Under the provisions of section 626.34, Code of Iowa, defendants’ lien under the execution was at least secondary to plaintiff’s lien.”
Home Pride Foods of Iowa, Inc. v. Martin, 686 N.W.2d 1 (Iowa 2004). “2 Iowa Code § 626.34 . To assure' compliance with this provision, the statutes further provide: If within ten days after such levy the attachment or execution creditor does not pay the amount, make the deposit, or give the security required, the levy shall be discharged, and-…”
Rockport Co. v. Wedgewood, Inc., 447 N.W.2d 126 (Iowa 1989). “See Iowa Code §§ 626.34 and 639.40. Simply stated, where there is no suggestion of fraud, an unsecured creditor who attaches a secured creditor’s collateral to delay its sale for the benefit of the secured creditor gains nothing; the only effect of the attachment is to…”
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