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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Iowa Code Title XIII. Commerce [Chs. 505-554D] § 554.15305. Priority - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xiii-commerce-chs-505-554d/ia-code-sect-554-15305/
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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