Iowa Code 554.9110 – Security interests arising under Article 2 or 13
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554.9110 Security interests arising under Article 2 or 13.
A security interest arising under § 554.2401, 554.2505, 554.2711, subsection 3, or
section 554.13508, subsection 5, is subject to this Article. However, until the debtor obtains possession of the goods:
1. the security interest is enforceable, even if § 554.9203, subsection 2, paragraph
“”c””, has not been satisfied;
2. filing is not required to perfect the security interest;
3. the rights of the secured party after default by the debtor are governed by Article 2 or
13; and
4. the security interest has priority over a conflicting security interest created by the debtor.
2000 Acts, ch 1149, §10, 185, 187
Referred to in §554.9109, 554.9203, 554.9322
A security interest arising under § 554.2401, 554.2505, 554.2711, subsection 3, or
section 554.13508, subsection 5, is subject to this Article. However, until the debtor obtains possession of the goods:
1. the security interest is enforceable, even if § 554.9203, subsection 2, paragraph
“”c””, has not been satisfied;
2. filing is not required to perfect the security interest;
3. the rights of the secured party after default by the debtor are governed by Article 2 or
13; and
4. the security interest has priority over a conflicting security interest created by the debtor.
2000 Acts, ch 1149, §10, 185, 187
Referred to in §554.9109, 554.9203, 554.9322