§ 554.9309 — Security interest perfected upon attachment

Iowa § 554.9309

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

Text

The following security interests are perfected when they attach:
1. a purchase-money security interest in consumer goods, except as otherwise provided
in section 554.9311, subsection 2, with respect to consumer goods that are subject to a statute
or treaty described in section 554.9311, subsection 1;
2. an assignment of accounts or payment intangibles which does not by itself or in
conjunction with other assignments to the same assignee transfer a significant part of the
assignor’s outstanding accounts or payment intangibles;
3. a sale of a payment intangible;
4. a sale of a promissory note;
5. a security interest created by the assignment of a health care insurance receivable to
the provider of the health care goods or services;
6. a security interest arising under section 554.2401, 554.2505, 554.2711, subsection 3, or
section 554.13508, subsection 5, until the debtor obtains possession of the collateral;
7. a security interest of a collecting bank arising under section 554.4210;
8. a security interest of an issuer or nominated person arising under section 554.5118;
9. a security interest arising in the delivery of a financial asset under section 554.9206,
subsection 3;
10. a security interest in investment property created by a broker or securities
intermediary;
11. a security interest in a commodity contract or a commodity account created by a
commodity intermediary;
12. anassignmentforthebenefitofallcreditorsofthetransferorandsubsequenttransfers
by the assignee thereunder; and
13. a security interest created by an assignment of a beneficial interest in a decedent’s
estate.