Iowa Statutes
§ 554.9318 — No interest retained in right to payment that is sold — rights and title of seller of account or chattel paper with respect to creditors and purchasers
Iowa § 554.9318
This text of Iowa § 554.9318 (No interest retained in right to payment that is sold — rights and title of seller of account or chattel paper with respect to creditors and purchasers) 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 § 554.9318 (2026).
Text
of account or chattel paper with respect to creditors and purchasers.
1.Seller retains no interest. A debtor that has sold an account, chattel paper, payment
intangible, or promissory note does not retain a legal or equitable interest in the collateral
sold.
2.Deemed rights of debtor if buyer’s security interest unperfected. For purposes of
determining the rights of creditors of, and purchasers for value of an account or chattel
paper from, a debtor that has sold an account or chattel paper, while the buyer’s security
interest is unperfected, the debtor is deemed to have rights and title to the account or chattel
paper identical to those the debtor sold.
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Related
West Des Moines State Bank v. Brunswick Corp.
483 N.W.2d 338 (Court of Appeals of Iowa, 1992)
Nearby Sections
15
§ 554.10101
Effective date§ 554.10103
General repealer§ 554.10104
Laws not repealed§ 554.1101
Short titles§ 554.1102
Scope of Article§ 554.1104
Construction against implied repeal§ 554.1105
Severability§ 554.1106
Use of singular and plural — gender§ 554.1107
Section captions§ 554.1110
Rules for filing and indexing§ 554.11101
Effective date§ 554.11102
Preservation of old transition provisionCite This Page — Counsel Stack
Bluebook (online)
Iowa § 554.9318, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/554.9318.