Iowa Code § 554.9310

Current through March 29, 2024
Section 554.9310 - When filing required to perfect security interest or agricultural lien - security interests and agricultural liens to which filing provisions do not apply
1.General rule - perfection by filing. Except as otherwise provided in subsection 2 and section 554.9312, subsection 2, a financing statement must be filed to perfect all security interests and agricultural liens.
2.Exceptions - filing not necessary. The filing of a financing statement is not necessary to perfect a security interest:
a. that is perfected under section 554.9308, subsection 4, 5, 6, or 7;
b. that is perfected under section 554.9309 when it attaches;
c. in property subject to a statute, regulation, or treaty described in section 554.9311, subsection 1;
d. in goods in possession of a bailee which is perfected under section 554.9312, subsection 4, paragraph "a" or "b";
e. in certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under section 554.9312, subsection 5, 6, or 7;
f. in collateral in the secured party's possession under section 554.9313;
g. in a certificated security which is perfected by delivery of the security certificate to the secured party under section 554.9313;
h. in controllable accounts, controllable electronic records, controllable payment intangibles, deposit accounts, electronic documents, investment property, or letter-of-credit rights which are perfected by control under section 554.9314;
0i. in chattel paper which is perfected by possession and control under section 554.9314A;
i. in proceeds which is perfected under section 554.9315; or
j. that is perfected under section 554.9316.
3.Assignment of perfected security interest. If a secured party assigns a perfected security interest or agricultural lien, a filing under this Article is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.

Iowa Code § 554.9310

2000 Acts, ch 1149, §30, 185, 187; 2007 Acts, ch 30, §45, 46, 70; 2022 Acts, ch 1117, §26

Amended by 2024 Iowa, ch Chapter 1023,s 61, eff. 7/1/2024.
Amended by 2024 Iowa, ch Chapter 1023,s 60, eff. 7/1/2024.
Amended by 2022 Iowa, ch 1117, s 26, eff. 7/1/2022.
2000 Acts, ch 1149, §30, 185, 187; 2007 Acts, ch 30, §45, 46, 70

Referred to in §554.9102, 554.9308, 554.9311, 717.4