Section 554.15301 - Saving clause1.Pre-effective-date transaction, lien, or interest. Except as provided in this part, Article 9, as amended by this Act, and Article 14, as amended by this Act, apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before the effective date of this Act.2.Continuing validity. Except as provided in subsection 3 and sections 554.15302 through 554.15306: a. a transaction, lien, or interest in property that was validly entered into, created, or transferred before the effective date of this Act and was not governed by this chapter, but would be subject to Article 9 as amended by this Act or Article 14, as amended by this Act, if it had been entered into, created, or transferred on or after the effective date of this Act, including the rights, duties, and interests flowing from the transaction, lien, or interest, remains valid on and after the effective date of this Act; andb. the transaction, lien, or interest may be terminated, completed, consummated, and enforced as required or permitted by this Act or by the law that would apply if this Act had not taken effect.3.Pre-effective-date proceeding. This Act does not affect an action, case, or proceeding commenced before the effective date of this Act.Added by 2024 Iowa SF 2389,s 127, eff. 7/1/2024.