Iowa Statutes
§ 554.9618 — Rights and duties of certain secondary obligors
Iowa § 554.9618
This text of Iowa § 554.9618 (Rights and duties of certain secondary obligors) 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 § 554.9618 (2026).
Text
1.Rights and duties of secondary obligor. A secondary obligor acquires the rights and
becomes obligated to perform the duties of the secured party after the secondary obligor:
a.receives an assignment of a secured obligation from the secured party;
b.receives a transfer of collateral from the secured party and agrees to accept the rights
and assume the duties of the secured party; or
c.is subrogated to the rights of a secured party with respect to collateral.
2.Effectofassignment, transfer, orsubrogation. Anassignment, transfer, orsubrogation
described in subsection 1:
a.is not a disposition of collateral under section 554.9610; and
b.relieves the secured party of further duties under this Article.
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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Laws not repealed§ 554.1101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 § 554.9618, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/554.9618.