GroundRules
Iowa Code § 554.15303: Security interest unperfected before July 1, 2024.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 554 - UNIFORM COMMERCIAL CODE
- Article 15 - TRANSITIONAL PROVISIONS FOR UNIFORM COMMERCIAL CODE AMENDMENTS (2022)
- Part 3 - TRANSITIONAL PROVISIONS FOR ARTICLES 9 AND 14
A security interest that is enforceable immediately before July 1, 2024, but is unperfected at that time:
1. remains an enforceable security interest until July 1, 2025;
2. remains enforceable thereafter if the security interest becomes enforceable under section 554.9203, as amended by 2024 Iowa Acts, ch. 1023, on July 1, 2024, or before July 1, 2025; and
3. becomes perfected:
a. without further action, on July 1, 2024, if the requirements for perfection under 2024 Iowa Acts, ch. 1023, are satisfied before or at that time; or
b. when the requirements for perfection are satisfied if the requirements are satisfied after that time.
Collected 2026-09-14T19:40:15Z. Source file · JSON