This legal document, part of the Iowa Code’s Uniform Commercial Code, governs the rights acquired by an assignee and the claims and defenses that can be made against the assignee. The rights of an assignee are subject to the terms of the agreement between the account debtor and assignor, as well as any defense or claim in recoupment arising from the transaction that gave rise to the contract. Additionally, any defense or claim of the account debtor against the assignor that accrues before receiving a notification of the assignment can be asserted against the assignee.

This legal document, governed by the Iowa Code under the Uniform Commercial Code, addresses the modification of assigned contracts. It states that a modification or substitution of an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. However, this provision is subject to certain conditions. It applies when the right to payment under an assigned contract has not been fully earned by performance or when the right to payment has been fully earned but the account debtor has not been notified of the assignment.

This section of the Iowa Code, specifically under the Uniform Commercial Code, governs the discharge of account debtors, notification of assignment, identification and proof of assignment, and restrictions on the assignment of accounts, chattel paper, payment intangibles, and promissory notes. It establishes that an account debtor may discharge its obligation by paying the assignor until it receives a notification, authenticated by the assignor or assignee, stating that the amount due has been assigned and payment should be made to the assignee.

This legal document, governed by the Iowa Code, specifically the Uniform Commercial Code, addresses restrictions on the creation or enforcement of security interests in leasehold interests or lessor’s residual interest. It states that a term in a lease agreement is generally ineffective if it prohibits, restricts, or requires consent for the assignment, transfer, creation, attachment, perfection, or enforcement of a security interest in a party’s interest under the lease contract or the lessor’s residual interest in the goods.

This legal document, governed by the Iowa Code, specifically the Uniform Commercial Code, addresses the restrictions on the assignment of promissory notes, health care insurance receivables, and certain general intangibles. It states that any term in a promissory note or agreement between an account debtor and a debtor that prohibits, restricts, or requires consent for the assignment or transfer of, or creation, attachment, or perfection of a security interest in the mentioned assets is ineffective to the extent that it impairs the creation, attachment, or perfection of a security interest or provides grounds for default, breach, recoupment, claim, defense, termination, or remedy.

This legal document, part of the Iowa Code’s Uniform Commercial Code, addresses the restrictions on the assignment of letter-of-credit rights. It states that any term or rule of law, statute, regulation, custom, or practice that prohibits, restricts, or requires consent for the assignment of or creation of a security interest in a letter-of-credit right is ineffective to the extent that it impairs the creation, attachment, or perfection of a security interest or provides grounds for default, breach, recoupment, claim, defense, termination, or remedy under the letter-of-credit right.

This legal document pertains to the filing of financing statements to perfect security interests or agricultural liens. The document specifies the designated filing offices based on the type of collateral and the nature of the financing statement. If the collateral is as-extracted collateral or timber to be cut, or if the financing statement is filed as a fixture filing and the collateral is goods that are or are to become fixtures, the filing should be made at the office designated for filing or recording a mortgage on the related real property.

This legal document pertains to the sufficiency of financing statements and the record of mortgages as financing statements. It outlines the requirements for a financing statement to be considered sufficient, including providing the name of the debtor, the name of the secured party, and indicating the collateral covered. Additionally, it specifies the requirements for real-property-related financing statements, such as covering as-extracted collateral or timber to be cut, or being filed as a fixture filing for goods that are or will become fixtures.

This legal document, governed by the Iowa Code under the Uniform Commercial Code, addresses the sufficiency of the debtor’s name in a financing statement. It provides guidelines for determining whether a financing statement sufficiently provides the name of the debtor based on different scenarios. These scenarios include registered organizations, trusts, individuals with driver’s licenses, individuals without driver’s licenses, and cases where the debtor does not have a name. The document also clarifies that the absence of a trade name or other names of the debtor does not render a financing statement ineffective.

A financing statement sufficiently indicates the collateral that it covers if the financing statement provides: 1.a description of the collateral pursuant to section 554.9108; or 2.an indication that the financing statement covers all assets or all personal property. 2000 Acts, ch 1149, 75, 185, 187