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Code · Iowa · Chapter 554 — Uniform Commercial Code

554.15304 Effectiveness of actions taken before July 1, 2024.

184 words·~1 min read·/ia/chapter-554-uniform-commercial-code/554-15304

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1. Pre-effective-date action; attachment and perfection before July 1, 2025. If action, other than the filing of a financing statement, is taken before July 1, 2024, and this action would have resulted in perfection of the security interest had the security interest become enforceable before July 1, 2024, this action is effective to perfect a security interest that attaches under 2024 Iowa Acts, ch. 1023, before July 1, 2025. An attached security interest becomes unperfected on July 1, 2025, unless the security interest becomes a perfected security interest under 2024 Iowa Acts, ch. 1023, before July 1, 2025.
2. Pre-effective-date filing. The filing of a financing statement before July 1, 2024, is effective to perfect a security interest on July 1, 2024, to the extent the filing would satisfy the requirements for perfection under 2024 Iowa Acts, ch. 1023.
3. Pre-effective-date enforceability action. The taking of an action before July 1, 2024, is sufficient for the enforceability of a security interest on July 1, 2024, if this action would satisfy the requirements for enforceability under 2024 Iowa Acts, ch. 1023.
Referred to in §554.15301
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