Iowa § 507C.41 Secured creditor’s claims

Iowa Statutes

§ 507C.41 — Secured creditor’s claims

Iowa § 507C.41

Title XIIICOMMERCE

Ch. 507CINSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION

This text of Iowa § 507C.41 (Secured creditor’s claims) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 507C.41 (2026).

Text

1.The value of security held by a secured creditor shall be determined in one of the following ways, as the court may direct:

a.Byconvertingthesecurityintomoneyaccordingtothetermsoftheagreementpursuant to which the security was delivered to the creditors.

b.By agreement, arbitration, compromise or litigation between the creditor and the liquidator.

2.The determination shall be under the supervision and control of the court with due regard for the recommendation of the liquidator. The amount so determined shall be credited upon the secured claim. A deficiency shall be treated as an unsecured claim. If the claimant surrenders the security to the liquidator, the entire claim shall be allowed as if unsecured.

Free access — add to your briefcase to read the full text and ask questions with AI

1. The value of security held by a secured creditor shall be determined in one of the
following ways, as the court may direct:
a. Byconvertingthesecurityintomoneyaccordingtothetermsoftheagreementpursuant
to which the security was delivered to the creditors.
b. By agreement, arbitration, compromise or litigation between the creditor and the
liquidator.
2. The determination shall be under the supervision and control of the court with due
regard for the recommendation of the liquidator. The amount so determined shall be credited
upon the secured claim. A deficiency shall be treated as an unsecured claim. If the claimant
surrenders the security to the liquidator, the entire claim shall be allowed as if unsecured.