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Can you summarize IACO 554.9110?
UNIFORM COMMERCIAL CODE > Security interests arising under Article 2 or 13.
Short Summary
A security interest arising under section 554.2401, 554.2505, 554.2711, subsection 3, or section 554.13508, subsection 5, is subject to this Article. However, until the debtor obtains possession of the goods: 1.the security interest is enforceable, even if section 554.9203, subsection 2, paragraph c, has not been satisfied; 2.filing is not required to perfect the security interest; 3.the rights of the secured party after default by the debtor are governed by Article 2 or 13; and 4.the security interest has priority over a conflicting security interest created by the debtor. 2000 Acts, ch 1149, 10, 185, 187 Referred to in 554.9109, 554.9203, 554.9322
Jurisdiction
Iowa