{"data":{"id":"us-ia/iowa-code-554.9622","jurisdiction":"us-ia","citation":"Iowa Code § 554.9622","heading":"Effect of acceptance of collateral.","body":"1. A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures:\na. discharges the obligation to the extent consented to by the debtor;\nb. transfers to the secured party all of a debtor’s rights in the collateral;\nc. discharges the security interest or agricultural lien that is the subject of the debtor’s consent and any subordinate security interest or other subordinate lien; and\nd. terminates any other subordinate interest.\n2. A subordinate interest is discharged or terminated under subsection 1, even if the secured party fails to comply with 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/2026/554.9622.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"8e677662f996e4c07861d57bbf5c0824e54a7523147faab1ee6a5b79f343bed7","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.9621","next":"us-ia/iowa-code-554.9623"},"notice":"GroundRules: Original legal text. Not legal advice."}