Iowa § 539.1 Assignment of nonnegotiable instruments

Iowa Statutes

§ 539.1 — Assignment of nonnegotiable instruments

Iowa § 539.1

Title XIIICOMMERCE

Ch. 539ASSIGNMENT OF ACCOUNTS AND NONNEGOTIABLE INSTRUMENTS

This text of Iowa § 539.1 (Assignment of nonnegotiable instruments) 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 § 539.1 (2026).

Text

Bonds, due bills, and all instruments by which the maker promises to pay another, without
words of negotiability, a sum of money, or by which the maker promises to pay a sum of
money in property or labor, or to pay or deliver any property or labor, or acknowledges any
money, labor, or property to be due, are assignable by endorsement on the instrument, or
by other writing. The assignee, including a person who takes assignment for collection in
the regular course of business, has a right of action on them in the assignee’s own name,
subject to any defense or counterclaim which the maker or debtor had against an assignor
of the instrument before notice of the assignment. In case of conflict between this section
and section 554.5112, 554.5113, 554.5114, 554.9404, or 554.9405, section 554.5112

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Bonds, due bills, and all instruments by which the maker promises to pay another, without
words of negotiability, a sum of money, or by which the maker promises to pay a sum of
money in property or labor, or to pay or deliver any property or labor, or acknowledges any
money, labor, or property to be due, are assignable by endorsement on the instrument, or
by other writing. The assignee, including a person who takes assignment for collection in
the regular course of business, has a right of action on them in the assignee’s own name,
subject to any defense or counterclaim which the maker or debtor had against an assignor
of the instrument before notice of the assignment. In case of conflict between this section
and section 554.5112, 554.5113, 554.5114, 554.9404, or 554.9405, section 554.5112, 554.5113,
554.5114, 554.9404, or 554.9405 controls.

Legislative History

[C51, §949; R60, §1796; C73, §2084; C97, §3044; C24, 27, 31, 35, 39, §9451; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §539.1; 82 Acts, ch 1235, §1]