{"data":{"id":"us-ia/iowa-code-554.9205","jurisdiction":"us-ia","citation":"Iowa Code § 554.9205","heading":"Use or disposition of collateral permissible.","body":"1. A security interest is not invalid or fraudulent against creditors solely because:\na. the debtor has the right or ability to:\n(1) use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods;\n(2) collect, compromise, enforce, or otherwise deal with collateral;\n(3) accept the return of collateral or make repossessions; or\n(4) use, commingle, or dispose of proceeds; or\nb. the secured party fails to require the debtor to account for proceeds or replace collateral.\n2. This section does not relax the requirements of possession if attachment, perfection, or enforcement of a security interest depends upon possession of the collateral by the secured party.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 9 - SECURED TRANSACTIONS","Part 2 - EFFECTIVENESS OF SECURITY AGREEMENT — ATTACHMENT OF SECURITY INTEREST — RIGHTS OF PARTIES TO SECURITY AGREEMENT","Subpart A - EFFECTIVENESS AND ATTACHMENT"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.9205.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"90d015c958e0e8773486321a15dc79ab1fd85964d21562c3d729741d22a2922e","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.9204","next":"us-ia/iowa-code-554.9206"},"notice":"GroundRules: Original legal text. Not legal advice."}