{"data":{"id":"us-ia/iowa-code-554.9618","jurisdiction":"us-ia","citation":"Iowa Code § 554.9618","heading":"Rights and duties of certain secondary obligors.","body":"1. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\na. receives an assignment of a secured obligation from the secured party;\nb. receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\nc. is subrogated to the rights of a secured party with respect to collateral.\n2. An assignment, transfer, or subrogation described in subsection 1:\na. is not a disposition of collateral under section 554.9610; and\nb. relieves the secured party of further duties under this Article.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 9 - SECURED TRANSACTIONS","Part 6 - DEFAULT","Subpart A - DEFAULT AND ENFORCEMENT OF SECURITY INTEREST"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.9618.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"8d01af4b860fcbb8caa41194f076d8cefb521a513e5bebcd6dd3dd6872985cfc","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.9617","next":"us-ia/iowa-code-554.9619"},"notice":"GroundRules: Original legal text. Not legal advice."}