This legal document, governed by the Iowa Code, specifically the Uniform Commercial Code, addresses the rights of secured parties and agricultural lienholders in relation to the disposition of collateral and the proceeds derived from such disposition. It states that a security interest or agricultural lien continues in collateral even after its sale, lease, license, exchange, or other disposition, unless the secured party authorized the disposition free of the security interest or agricultural lien.

This legal document discusses the effect of a change in governing law on security interests. It provides rules for determining the continued perfection of security interests in different scenarios. The document covers the general rule for the effect on perfection of a change in governing law, the impact on security interests perfected or unperfected under the law of a new jurisdiction, the continuous perfection of possessory security interests in collateral moved to a new jurisdiction, the effect on goods covered by a certificate of title from another state, the change in jurisdiction of banks, issuers, nominated persons, securities intermediaries, or commodity intermediaries, the effect on filed financing statements of a change in governing law, and the effect of a change in governing law on financing statements filed against the original debtor.

This legal document, governed by the Iowa Code under the Uniform Commercial Code, addresses the priority of interests over security interests or agricultural liens. It states that a security interest or agricultural lien is subordinate to the rights of a person entitled to priority under section 554.9322 and a person that becomes a lien creditor before the security interest or agricultural lien is perfected or certain conditions are met. It also outlines that buyers and lessees who give value and receive delivery of collateral without knowledge of the security interest or agricultural lien and before it is perfected take free of such interests.

1.Seller retains no interest.A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold. 2.Deemed rights of debtor if buyers security interest unperfected.For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyers security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold.

1.Consignee has consignors rights.Except as otherwise provided in subsection 2, for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to the goods identical to those the consignor had or had power to transfer. 2.Applicability of other law.For purposes of determining the rights of a creditor of a consignee, law other than this Article determines the rights and title of a consignee while goods are in the consignees possession if, under this part, a perfected security interest held by the consignor would have priority over the rights of the creditor.

This legal document, part of the Iowa Code’s Uniform Commercial Code, governs the rights and obligations of buyers of goods. It specifies that a buyer in ordinary course of business, except for a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer’s seller, even if the security interest is perfected and the buyer knows of its existence. Similarly, a buyer of consumer goods, who buys without knowledge of a security interest, for value, primarily for personal, family, or household purposes, and before the filing of a financing statement covering the goods, also takes free of the security interest.

This legal document, governed by the Iowa Code under the Uniform Commercial Code, pertains to licensees of general intangibles and lessees of goods in the ordinary course of business. A ’licensee in ordinary course of business’ refers to a person who becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course from a person in the business of licensing general intangibles of that kind.

This legal document, part of the Iowa Code’s Uniform Commercial Code, establishes the rules for determining priority among conflicting security interests and agricultural liens on the same collateral. The general priority rules state that conflicting perfected security interests and agricultural liens rank according to the time of filing or perfection. A perfected security interest or agricultural lien takes priority over a conflicting unperfected security interest or agricultural lien. The first security interest or agricultural lien to attach or become effective has priority if conflicting security interests and agricultural liens are unperfected.

This legal document pertains to the priority of security interests and advances under the Uniform Commercial Code in Iowa. It establishes rules for determining the priority of a perfected security interest based on the time of advance. The document outlines conditions under which a security interest is subordinate to the rights of a lien creditor. It also provides exceptions for security interests held by buyers of certain types of assets and consignors.

This legal document, part of the Iowa Code’s Uniform Commercial Code, establishes the priority of purchase-money security interests in various types of goods. A purchase-money security interest refers to a security interest taken by a seller or lender to secure the purchase price or loan used to acquire the collateral. The document outlines the general rule that a perfected purchase-money security interest in goods, other than inventory or livestock, has priority over a conflicting security interest in the same goods.