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Code · Iowa · Chapter 554 — Uniform Commercial Code

554.15305 Priority.

115 words·~1 min read·/ia/chapter-554-uniform-commercial-code/554-15305

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1. Determination of priority. Subject to subsections 2 and 3, 2024 Iowa Acts, ch. 1023, determines the priority of conflicting claims to collateral.
2. Established priorities. Subject to subsection 3, if the priorities of claims to collateral were established before July 1, 2024, Article 9, as in effect before July 1, 2024, determines priority.
3. Determination of certain priorities on July 1, 2025. On July 1, 2025, to the extent the priorities determined by Article 9, as amended by 2024 Iowa Acts, ch. 1023, modify the priorities established before July 1, 2024, the priorities of claims to Article 14 property and electronic money established before July 1, 2024, cease to apply.
Referred to in §554.15301
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