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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Iowa Code Title XIII. Commerce [Chs. 505-554D] § 554.15303. Security interest unperfected before July 1, 2024 - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xiii-commerce-chs-505-554d/ia-code-sect-554-15303/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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