554.15306 Priority of claims when priority rules of Article 9 do not apply.
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/ia/chapter-554-uniform-commercial-code/554-15306A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. Determination of priority. Subject to subsections 2 and 3, Article 14 determines the priority of conflicting claims to Article 14 property when the priority rules of Article 9, as amended by 2024 Iowa Acts, ch. 1023, do not apply.
2. Established priorities. Subject to subsection 3, when the priority rules of Article 9, as amended by 2024 Iowa Acts, ch. 1023, do not apply and the priorities of claims to Article 14 property were established before July 1, 2024, law other than Article 14 determines priority.
3. Determination of certain priorities on July 1, 2025. When the priority rules of Article 9, as amended by 2024 Iowa Acts, ch. 1023, do not apply, to the extent the priorities determined by 2024 Iowa Acts, ch. 1023, modify the priorities established before July 1, 2024, the priorities of claims to Article 14 property established before July 1, 2024, cease to apply on July 1, 2025.
Referred to in §554.15301