Iowa § 554.9338 Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information

Iowa Statutes

§ 554.9338 — Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information

Iowa § 554.9338

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.9338 (Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information) 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 § 554.9338 (2026).

Text

statement providing certain incorrect information. Ifasecurityinterestoragriculturallienisperfectedbyafiledfinancingstatementproviding information described in section 554.9516, subsection 2, paragraph “e”, which is incorrect at the time the financing statement is filed:

1.thesecurityinterestoragriculturallienissubordinatetoaconflictingperfectedsecurity interest in the collateral to the extent that the holder of the conflicting security interest gives value in reasonable reliance upon the incorrect information; and

2.a purchaser, other than a secured party, of the collateral takes free of the security interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives value and, in the case of tangible chattel paper, tangible docum

Free access — add to your briefcase to read the full text and ask questions with AI

statement providing certain incorrect information.
Ifasecurityinterestoragriculturallienisperfectedbyafiledfinancingstatementproviding
information described in section 554.9516, subsection 2, paragraph “e”, which is incorrect at
the time the financing statement is filed:
1. thesecurityinterestoragriculturallienissubordinatetoaconflictingperfectedsecurity
interest in the collateral to the extent that the holder of the conflicting security interest gives
value in reasonable reliance upon the incorrect information; and
2. a purchaser, other than a secured party, of the collateral takes free of the security
interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect
information, the purchaser gives value and, in the case of tangible chattel paper, tangible
documents, goods, instruments, or a security certificate, receives delivery of the collateral.