§ 554.9505 — Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions

Iowa § 554.9505

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

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leases, other bailments, and other transactions.
1. Use of terms other than debtor and secured party. A consignor, lessor, or other bailor
ofgoods,alicensor,orabuyerofapaymentintangibleorpromissorynotemayfileafinancing
statement, or may comply with a statute or treaty described in section 554.9311, subsection
1, using the terms “consignor”, “consignee”, “lessor”, “lessee”, “bailor”, “bailee”, “licensor”,
“licensee”, “owner”, “registered owner”, “buyer”, “seller”, or words of similar import, instead
of the terms “secured party” and “debtor”.
2. Effect of financing statement under subsection 1. This part applies to the filing
of a financing statement under subsection 1 and, as appropriate, to compliance that is
equivalent to filing a financing statement under section 554.9311, subsection 2, but the
filing or compliance is not of itself a factor in determining whether the collateral secures an
obligation. If it is determined for another reason that the collateral secures an obligation,
a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which
attaches to the collateral is perfected by the filing or compliance.