1.Subordination of security interest in transferred collateral.Except as otherwise provided in subsection 2, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if: a.the debtor acquired the collateral subject to the security interest created by the other person; b.the security interest created by the other person was perfected when the debtor acquired the collateral; and c.there is no period thereafter when the security interest is unperfected.

The following rules govern priority among conflicting security interests in the same deposit account: 1.A security interest held by a secured party having control of the deposit account under section 554.9104 has priority over a conflicting security interest held by a secured party that does not have control. 2.Except as otherwise provided in subsections 3 and 4, security interests perfected by control under section 554.9314 rank according to priority in time of obtaining control.

This legal document, governed by the Iowa Code under the Uniform Commercial Code, establishes rules for determining the priority of conflicting security interests in investment property. The document states that a secured party with control of the investment property has priority over a secured party without control. Conflicting security interests held by secured parties with control rank according to the time of obtaining control. The document also specifies that a security interest held by a securities intermediary or a commodity intermediary has priority over conflicting security interests held by other secured parties.

The following rules govern priority among conflicting security interests in the same letter-of-credit right: 1.A security interest held by a secured party having control of the letter-of-credit right under section 554.9107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control. 2.Security interests perfected by control under section 554.9314 rank according to priority in time of obtaining control.

This legal document, part of the Iowa Code’s Uniform Commercial Code, establishes the priority of purchasers of chattel paper or instruments. It outlines the conditions under which a purchaser of chattel paper has priority over a security interest claimed as proceeds of inventory or claimed as other security interests. The document specifies that the purchaser must give new value, take possession of the chattel paper, obtain control of the chattel paper, and act in good faith and in the ordinary course of business.

This legal document addresses the priority of rights of purchasers of various assets, such as controllable accounts, controllable records, controllable payment intangibles, documents, instruments, and securities. It specifies that holders in due course of negotiable instruments, holders of negotiable documents of title, protected purchasers of securities, and qualifying purchasers of controllable accounts, controllable electronic records, or controllable payment intangibles take priority over earlier security interests, even if perfected, as provided in Articles 3, 7, 8, and 14.

1.Transferee of tangible money.A transferee of tangible money takes the money free of a security interest in the money if the transferee when receiving delivery of the money does not act in collusion with the debtor in violating the rights of the secured party. 2.Transferee of electronic money.A transferee of electronic money takes the money free of a security interest in the money if the transferee when obtaining control of the money does not act in collusion with the debtor in violating the rights of the secured party.

1.Possessory lien.In this section, possessory lien means an interest, other than a security interest or an agricultural lien: a.which secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course of the persons business; b.which is created by statute or rule of law in favor of the person; and c.whose effectiveness depends on the persons possession of the goods.

This legal document, part of the Iowa Code’s Uniform Commercial Code, governs the priority of security interests in fixtures and crops. It outlines the rules for creating security interests in goods that are fixtures or become fixtures, and clarifies that ordinary building materials incorporated into an improvement on land do not qualify for a security interest. The document also addresses the subordination of security interests in fixtures to conflicting interests of encumbrancers or owners of related real property, except in specific cases.

This legal document, part of the Iowa Code’s Uniform Commercial Code, governs the creation, perfection, priority, removal, and reimbursement of security interests in accessions. It states that a security interest may be created in an accession and continues in collateral that becomes an accession. If a security interest is perfected when the collateral becomes an accession, the security interest remains perfected in the collateral. The priority of a security interest in an accession is determined by the provisions of this part, except when a security interest in the whole is perfected by compliance with a certificate-of-title statute.