Iowa § 554.9509 Persons entitled to file a record

Iowa Statutes

§ 554.9509 — Persons entitled to file a record

Iowa § 554.9509

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.9509 (Persons entitled to file a record) 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 § 554.9509 (2026).

Text

1.Person entitled to file record. A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if:

a.the debtor authorizes the filing in a signed record or pursuant to subsection 2 or 3; or

b.the person holds an agricultural lien that has become effective at the time of filing and the financing statement covers only collateral in which the person holds an agricultural lien.

2.Security agreement as authorization. By signing or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an initial financing statement, and an amendment, covering:

a.the collateral described in the security agreement; and

b.property that becomes collate

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1. Person entitled to file record. A person may file an initial financing statement,
amendment that adds collateral covered by a financing statement, or amendment that adds
a debtor to a financing statement only if:
a. the debtor authorizes the filing in a signed record or pursuant to subsection 2 or 3; or

b. the person holds an agricultural lien that has become effective at the time of filing and
the financing statement covers only collateral in which the person holds an agricultural lien.
2. Security agreement as authorization. By signing or becoming bound as debtor by
a security agreement, a debtor or new debtor authorizes the filing of an initial financing
statement, and an amendment, covering:
a. the collateral described in the security agreement; and
b. property that becomes collateral under section 554.9315, subsection 1, paragraph “b”,
whether or not the security agreement expressly covers proceeds.
3. Acquisition of collateral as authorization. By acquiring collateral in which a security
interest or agricultural lien continues under section 554.9315, subsection 1, paragraph “a”, a
debtor authorizes the filing of an initial financing statement, and an amendment, covering
the collateral and property that becomes collateral under section 554.9315, subsection 1,
paragraph “b”.
4. Person entitled to file certain amendments. A person may file an amendment other
than an amendment that adds collateral covered by a financing statement or an amendment
that adds a debtor to a financing statement only if:
a. the secured party of record authorizes the filing; or
b. the amendment is a termination statement for a financing statement as to which the
securedpartyofrecordhasfailedtofileorsendaterminationstatementasrequiredbysection
554.9513, subsection 1 or 3, the debtor authorizes the filing, and the termination statement
indicates that the debtor authorized it to be filed.
5. Multiplesecuredpartiesofrecord. Ifthereismorethanonesecuredpartyofrecordfor
afinancingstatement, eachsecuredpartyofrecordmayauthorizethefilingofanamendment
under subsection 4.