§ 554.9308 — When security interest or agricultural lien is perfected — continuity of perfection

Iowa § 554.9308

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

Text

perfection.
1. Perfection of security interest. Except as otherwise provided in this section and
section 554.9309, a security interest is perfected if it has attached and all of the applicable
requirements for perfection in sections 554.9310, 554.9311, 554.9312, 554.9313, 554.9314,
554.9315, and 554.9316 have been satisfied. A security interest is perfected when it attaches
if the applicable requirements are satisfied before the security interest attaches.
2. Perfection of agricultural lien. An agricultural lien is perfected if it has become
effective and all of the applicable requirements for perfection in section 554.9310 have
been satisfied. An agricultural lien is perfected when it becomes effective if the applicable
requirements are satisfied before the agricultural lien becomes effective.
3. Continuous perfection — perfection by different methods. A security interest or
agricultural lien is perfected continuously if it is originally perfected by one method

under this Article and is later perfected by another method under this Article, without an
intermediate period when it was unperfected.
4. Supporting obligation. Perfection of a security interest in collateral also perfects a
security interest in a supporting obligation for the collateral.
5. Lien securing right to payment. Perfection of a security interest in a right to payment
or performance also perfects a security interest in a security interest, mortgage, or other lien
on personal or real property securing the right.
6. Security entitlement carried in securities account. Perfection of a security interest in a
securities account also perfects a security interest in the security entitlements carried in the
securities account.
7. Commodity contract carried in commodity account. Perfection of a security interest
in a commodity account also perfects a security interest in the commodity contracts carried
in the commodity account.