GroundRules
Iowa Code § 554.15306: Priority of claims when priority rules of Article 9 do not apply.
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
1. Subject to subsections 2 and 3, Article 14 determines the priority of conflicting claims to Article 14 property when the priority rules of Article 9, as amended by 2024 Iowa Acts, ch. 1023, do not apply.
2. Subject to subsection 3, when the priority rules of Article 9, as amended by 2024 Iowa Acts, ch. 1023, do not apply and the priorities of claims to Article 14 property were established before July 1, 2024, law other than Article 14 determines priority.
3. When the priority rules of Article 9, as amended by 2024 Iowa Acts, ch. 1023, do not apply, to the extent the priorities determined by 2024 Iowa Acts, ch. 1023, modify the priorities established before July 1, 2024, the priorities of claims to Article 14 property established before July 1, 2024, cease to apply on July 1, 2025.
Collected 2026-09-14T19:40:15Z. Source file · JSON