This legal document, part of the Iowa Code’s Uniform Commercial Code, governs the filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. It allows consignors, lessors, bailors, licensors, buyers, and other parties involved in these transactions to file a financing statement or comply with relevant statutes or treaties using specific terms such as ‘consignor’, ‘consignee’, ’lessor’, ’lessee’, ‘bailor’, ‘bailee’, ’licensor’, ’licensee’, ‘owner’, ‘registered owner’, ‘buyer’, ‘seller’, or similar terms instead of ‘secured party’ and ‘debtor’.

This legal document, part of the Iowa Code’s Uniform Commercial Code, governs the effectiveness of financing statements. It states that a financing statement that substantially satisfies the requirements of this part is effective, even if it has minor errors or omissions, unless those errors or omissions make the financing statement seriously misleading. However, a financing statement that fails to provide the name of the debtor in accordance with section 554.9503, subsection 1, is considered seriously misleading, unless a search of the filing office’s records under the debtor’s correct name would disclose the financing statement.

This legal document, found in the Iowa Code under the Uniform Commercial Code, addresses the effect of certain events on the effectiveness of a financing statement. It states that a filed financing statement remains effective even if the collateral is sold, exchanged, leased, licensed, or otherwise disposed of, as long as a security interest or agricultural lien continues. Additionally, the document explains that a financing statement is not rendered ineffective if the information provided in the financing statement becomes seriously misleading, except as provided in subsection 3 and section 554.

This legal document, governed by the Iowa Code under the Uniform Commercial Code, addresses the effectiveness of a financing statement when a new debtor becomes bound by a security agreement. It states that a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights, to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.

This legal document governs the filing of initial financing statements, amendments that add collateral or debtors to financing statements, and termination statements. It specifies the conditions under which a person is entitled to file such records. The document outlines that a person may file an initial financing statement, amendment, or termination statement if the debtor authorizes the filing or if the person holds an agricultural lien that has become effective. It also states that by authenticating or becoming bound as a debtor by a security agreement, a debtor authorizes the filing of an initial financing statement and an amendment.

1.Filed record effective if authorized.A filed record is effective only to the extent that it was filed by a person that may file it under section 554.9509 or by the filing office under section 554.9513A. 2.Authorization by one secured party of record.A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record. 3.Continuation statement not timely filed.A continuation statement that is not filed within the six-month period prescribed by section 554.

This legal document pertains to the concept of a secured party of record in the context of financing statements. It outlines the criteria for determining the secured party of record in an initial financing statement and in amendments to financing statements. The secured party of record is the person or assignee named in the initial financing statement or amendment. The document also states that a person remains a secured party of record until their name is deleted through an amendment of the financing statement.

This legal document governs the amendment of information in a financing statement. It allows a person to add or delete collateral, continue or terminate the effectiveness of, or otherwise amend the information provided in a financing statement. The amendment must identify the initial financing statement by its file number and provide the date, time, and information specified in the initial financing statement. The filing of an amendment does not extend the period of effectiveness of the financing statement, except as otherwise provided.

This legal document governs the assignment of powers of a secured party of record. It outlines the procedures for assigning the power to authorize an amendment to a financing statement. An initial financing statement may reflect an assignment by providing the name and mailing address of the assignee. A secured party of record may assign its power by filing an amendment of the financing statement, which must identify the initial financing statement, provide the name of the assignor, and provide the name and mailing address of the assignee.

This legal document, governed by the Iowa Code under the Uniform Commercial Code, addresses the duration and effectiveness of financing statements. A filed financing statement is generally effective for a period of five years from the date of filing. However, there are exceptions for initial financing statements filed in connection with public-finance transactions or manufactured-home transactions, which are effective for thirty years. The effectiveness of a financing statement lapses upon expiration, unless a continuation statement is filed within six months before the expiration.