§ 554.13102 — Scope

Iowa § 554.13102

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 554: UNIFORM COMMERCIAL CODE

Text

1. This Article applies to any transaction, regardless of form, that creates a lease and, in
the case of a hybrid lease, it applies to the extent provided in subsection 2.
2. In a hybrid lease:
a. if the lease-of-goods aspects do not predominate:
(1) only the provisions of this Article which relate primarily to the lease-of-goods aspects
of the transaction apply, and the provisions that relate primarily to the transaction as a whole
do not apply;
(2) section 554.13209 applies if the lease is a finance lease; and
(3) section 554.13407 applies to the promises of the lessee in a finance lease to the extent
the promises are consideration for the right to possession and use of the leased goods; and
b. if the lease-of-goods aspects predominate, this Article applies to the transaction, but
does not preclude application in appropriate circumstances of other law to aspects of the
lease which do not relate to the lease of goods.