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Code · Iowa · Chapter 554 — Uniform Commercial Code

554.15303 Security interest unperfected before July 1, 2024.

108 words·~1 min read·/ia/chapter-554-uniform-commercial-code/554-15303

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A security interest that is enforceable immediately before July 1, 2024, but is unperfected at that time:
1. remains an enforceable security interest until July 1, 2025;
2. remains enforceable thereafter if the security interest becomes enforceable under section 554.9203, as amended by 2024 Iowa Acts, ch. 1023, on July 1, 2024, or before July 1, 2025; and
3. becomes perfected:
a. without further action, on July 1, 2024, if the requirements for perfection under 2024 Iowa Acts, ch. 1023, are satisfied before or at that time; or
b. when the requirements for perfection are satisfied if the requirements are satisfied after that time.
Referred to in §554.15301
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