554.9709 Priority. Repealed by 2012 Acts, ch 1052, §34, 37.
Structure Iowa Code
Chapter 554 - UNIFORM COMMERCIAL CODE
Section 554.1101 - Short titles.
Section 554.1102 - Scope of Article.
Section 554.1104 - Construction against implied repeal.
Section 554.1105 - Severability.
Section 554.1106 - Use of singular and plural — gender.
Section 554.1107 - Section captions.
Section 554.1108 - Relation to Electronic Signatures in Global and National Commerce Act.
Section 554.1110 - Rules for filing and indexing.
Section 554.1201 - General definitions.
Section 554.1202 - Notice — knowledge.
Section 554.1203 - Lease distinguished from security interest.
Section 554.1205 - Reasonable time — seasonableness.
Section 554.1206 - Presumptions.
Section 554.1301 - Territorial applicability — parties’ power to choose applicable law.
Section 554.1302 - Variation by agreement.
Section 554.1303 - Course of performance, course of dealing, and usage of trade.
Section 554.1304 - Obligation of good faith.
Section 554.1305 - Remedies to be liberally administered.
Section 554.1306 - Waiver or renunciation of claim or right after breach.
Section 554.1307 - Prima facie evidence by third-party documents.
Section 554.1308 - Performance or acceptance under reservation of rights.
Section 554.1309 - Option to accelerate at will.
Section 554.1310 - Subordinated obligations.
Section 554.2101 - Short title.
Section 554.2102 - Scope — certain security and other transactions excluded from this Article.
Section 554.2103 - Definitions and index of definitions.
Section 554.2104 - Definitions:“merchant” — “between merchants” — “financing agency”.
Section 554.2107 - Goods to be severed from realty:recording.
Section 554.2201 - Formal requirements — statute of frauds.
Section 554.2202 - Final written expression — parol or extrinsic evidence.
Section 554.2203 - Seals inoperative.
Section 554.2204 - Formation in general.
Section 554.2205 - Firm offers.
Section 554.2206 - Offer and acceptance in formation of contract.
Section 554.2207 - Additional terms in acceptance or confirmation.
Section 554.2208 - Course of performance or practical construction.
Section 554.2209 - Modification, rescission and waiver.
Section 554.2210 - Delegation of performance — assignment of rights.
Section 554.2301 - General obligations of parties.
Section 554.2302 - Unconscionable contract or clause.
Section 554.2303 - Allocation or division of risks.
Section 554.2304 - Price payable in money, goods, realty, or otherwise.
Section 554.2305 - Open price term.
Section 554.2306 - Output, requirements and exclusive dealings.
Section 554.2307 - Delivery in single lot or several lots.
Section 554.2308 - Absence of specified place for delivery.
Section 554.2309 - Absence of specific time provisions — notice of termination.
Section 554.2310 - Open time for payment or running of credit — authority to ship under reservation.
Section 554.2311 - Options and cooperation respecting performance.
Section 554.2313 - Express warranties by affirmation, promise, description, sample.
Section 554.2314 - Implied warranty:merchantability — usage of trade.
Section 554.2315 - Implied warranty — fitness for particular purpose.
Section 554.2316 - Exclusion or modification of warranties.
Section 554.2317 - Cumulation and conflict of warranties express or implied.
Section 554.2318 - Third party beneficiaries of warranties express or implied.
Section 554.2319 - F.O.B. and F.A.S. terms.
Section 554.2320 - C.I.F. and C. & F. terms.
Section 554.2322 - Delivery “ex-ship”.
Section 554.2323 - Form of bill of lading required in overseas shipment — “overseas”.
Section 554.2324 - “No arrival, no sale” term.
Section 554.2325 - “Letter of credit” term — “confirmed credit”.
Section 554.2326 - Sale on approval and sale or return — rights of creditors.
Section 554.2327 - Special incidents of sale on approval and sale or return.
Section 554.2328 - Sale by auction.
Section 554.2402 - Rights of seller’s creditors against sold goods.
Section 554.2403 - Power to transfer — good faith purchase of goods — “entrusting”.
Section 554.2501 - Insurable interest in goods — manner of identification of goods.
Section 554.2503 - Manner of seller’s tender of delivery.
Section 554.2504 - Shipment by seller.
Section 554.2505 - Seller’s shipment under reservation.
Section 554.2506 - Rights of financing agency.
Section 554.2507 - Effect of seller’s tender — delivery on condition.
Section 554.2508 - Cure by seller of improper tender or delivery — replacement.
Section 554.2509 - Risk of loss in the absence of breach.
Section 554.2510 - Effect of breach on risk of loss.
Section 554.2511 - Tender of payment by buyer — payment by check.
Section 554.2512 - Payment by buyer before inspection.
Section 554.2513 - Buyer’s right to inspection of goods.
Section 554.2514 - When documents deliverable on acceptance — when on payment.
Section 554.2515 - Preserving evidence of goods in dispute.
Section 554.2601 - Buyer’s rights on improper delivery.
Section 554.2602 - Manner and effect of rightful rejection.
Section 554.2603 - Merchant buyer’s duties as to rightfully rejected goods.
Section 554.2604 - Buyer’s options as to salvage of rightfully rejected goods.
Section 554.2605 - Waiver of buyer’s objections by failure to particularize.
Section 554.2606 - What constitutes acceptance of goods.
Section 554.2608 - Revocation of acceptance in whole or in part.
Section 554.2609 - Right to adequate assurance of performance.
Section 554.2610 - Anticipatory repudiation.
Section 554.2611 - Retraction of anticipatory repudiation.
Section 554.2612 - “Installment contract” — breach.
Section 554.2613 - Casualty to identified goods.
Section 554.2614 - Substituted performance.
Section 554.2615 - Excuse by failure of presupposed conditions.
Section 554.2616 - Procedure on notice claiming excuse.
Section 554.2701 - Remedies for breach of collateral contracts not impaired.
Section 554.2702 - Seller’s remedies on discovery of buyer’s insolvency.
Section 554.2703 - Seller’s remedies in general.
Section 554.2705 - Seller’s stoppage of delivery in transit or otherwise.
Section 554.2706 - Seller’s resale including contract for resale.
Section 554.2707 - “Person in the position of a seller”.
Section 554.2708 - Seller’s damages for nonacceptance or repudiation.
Section 554.2709 - Action for the price.
Section 554.2710 - Seller’s incidental damages.
Section 554.2711 - Buyer’s remedies in general — buyer’s security interest in rejected goods.
Section 554.2712 - “Cover” — buyer’s procurement of substitute goods.
Section 554.2713 - Buyer’s damages for nondelivery or repudiation.
Section 554.2714 - Buyer’s damages for breach in regard to accepted goods.
Section 554.2715 - Buyer’s incidental and consequential damages.
Section 554.2716 - Buyer’s right to specific performance or replevin.
Section 554.2717 - Deduction of damages from the price.
Section 554.2718 - Liquidation or limitation of damages — deposits.
Section 554.2719 - Contractual modification or limitation of remedy.
Section 554.2720 - Effect of “cancellation” or “rescission” on claims for antecedent breach.
Section 554.2721 - Remedies for fraud.
Section 554.2722 - Who can sue third parties for injury to goods.
Section 554.2723 - Proof of market price — time and place.
Section 554.2724 - Admissibility of market quotations.
Section 554.2725 - Statute of limitations in contracts for sale.
Section 554.3101 - Short title.
Section 554.3102 - Subject matter.
Section 554.3103 - Definitions.
Section 554.3104 - Negotiable instrument.
Section 554.3105 - Issue of instrument.
Section 554.3106 - Unconditional promise or order.
Section 554.3107 - Instrument payable in foreign money.
Section 554.3108 - Payable on demand or at definite time.
Section 554.3109 - Payable to bearer or to order.
Section 554.3110 - Identification of person to whom instrument is payable.
Section 554.3111 - Place of payment.
Section 554.3113 - Date of instrument.
Section 554.3114 - Contradictory terms of instrument.
Section 554.3115 - Incomplete instrument.
Section 554.3116 - Joint and several liability — contribution.
Section 554.3117 - Other agreements affecting instrument.
Section 554.3118 - Accrual of cause of action.
Section 554.3119 - Notice of right to defend action.
Section 554.3120 - Instruments “payable through” bank.
Section 554.3121 - Instruments payable at bank.
Section 554.3122 - Accrual of cause of action.
Section 554.3201 - Negotiation.
Section 554.3202 - Negotiation subject to rescission.
Section 554.3203 - Transfer of instrument — rights acquired by transfer.
Section 554.3204 - Endorsement.
Section 554.3205 - Special endorsement — blank endorsement — anomalous endorsement.
Section 554.3206 - Restrictive endorsement.
Section 554.3207 - Reacquisition.
Section 554.3208 - Reacquisition.
Section 554.3301 - Person entitled to enforce instrument.
Section 554.3302 - Holder in due course.
Section 554.3303 - Value and consideration.
Section 554.3304 - Overdue instrument.
Section 554.3305 - Defenses and claims in recoupment.
Section 554.3306 - Claims to an instrument.
Section 554.3307 - Notice of breach of fiduciary duty.
Section 554.3308 - Proof of signatures and status as holder in due course.
Section 554.3309 - Enforcement of lost, destroyed, or stolen instrument.
Section 554.3310 - Effect of instrument on obligation for which taken.
Section 554.3311 - Accord and satisfaction by use of instrument.
Section 554.3312 - Lost, destroyed, or stolen cashier’s check, teller’s check, or certified check.
Section 554.3402 - Signature by representative.
Section 554.3403 - Unauthorized signature.
Section 554.3404 - Impostors — fictitious payees.
Section 554.3405 - Employer’s responsibility for fraudulent endorsement by employee.
Section 554.3406 - Negligence contributing to forged signature or alteration of instrument.
Section 554.3407 - Alteration.
Section 554.3408 - Drawee not liable on unaccepted draft.
Section 554.3409 - Acceptance of draft — certified check.
Section 554.3410 - Acceptance varying draft.
Section 554.3411 - Refusal to pay cashier’s checks, teller’s checks, and certified checks.
Section 554.3412 - Obligation of issuer of note or cashier’s check.
Section 554.3413 - Obligation of acceptor.
Section 554.3414 - Obligation of drawer.
Section 554.3415 - Obligation of endorser.
Section 554.3416 - Transfer warranties.
Section 554.3417 - Presentment warranties.
Section 554.3418 - Payment or acceptance by mistake.
Section 554.3419 - Instruments signed for accommodation.
Section 554.3420 - Conversion of instrument.
Section 554.3501 - Presentment.
Section 554.3503 - Notice of dishonor.
Section 554.3504 - Excused presentment and notice of dishonor.
Section 554.3505 - Evidence of dishonor.
Section 554.3506 - Time allowed for acceptance or payment.
Section 554.3507 - Dishonor — holder’s right of recourse — term allowing re-presentment.
Section 554.3508 - Notice of dishonor.
Section 554.3509 - Protest — noting for protest.
Section 554.3510 - Evidence of dishonor and notice of dishonor.
Section 554.3511 - Waived or excused presentment, protest or notice of dishonor or delay therein.
Section 554.3512 - Holder’s recourse for dishonor.
Section 554.3513 - Civil remedy for dishonor.
Section 554.3601 - Discharge and effect of discharge.
Section 554.3603 - Tender of payment.
Section 554.3604 - Discharge by cancellation or renunciation.
Section 554.3605 - Discharge of endorsers and accommodation parties.
Section 554.3802 - Effect of instrument on obligation for which it is given.
Section 554.3803 - Notice to third party.
Section 554.3804 - Lost, destroyed or stolen instruments.
Section 554.3805 - Instruments not payable to order or to bearer.
Section 554.3806 - Civil remedy for dishonor of a check, draft or order.
Section 554.4101 - Short title.
Section 554.4102 - Applicability.
Section 554.4103 - Variation by agreement — measure of damages — action constituting ordinary care.
Section 554.4104 - Definitions and index of definitions.
Section 554.4106 - Payable through or payable at bank — collecting bank.
Section 554.4107 - Separate office of a bank.
Section 554.4108 - Time of receipt of items.
Section 554.4110 - Electronic presentment.
Section 554.4111 - Statute of limitations.
Section 554.4202 - Responsibility for collection or return — when action timely.
Section 554.4203 - Effect of instructions.
Section 554.4204 - Methods of sending and presenting — sending directly to payor bank.
Section 554.4205 - Depositary bank holder of unendorsed item.
Section 554.4206 - Transfer between banks.
Section 554.4207 - Transfer warranties.
Section 554.4208 - Presentment warranties.
Section 554.4209 - Encoding and retention warranties.
Section 554.4211 - When bank gives value for purposes of holder in due course.
Section 554.4213 - Medium and time of settlement by bank.
Section 554.4214 - Right of charge-back or refund — liability of collecting bank — return of item.
Section 554.4216 - Insolvency and preference.
Section 554.4302 - Payor bank’s responsibility for late return of item.
Section 554.4401 - When bank may charge customer’s account.
Section 554.4403 - Customer’s right to stop payment — burden of proof of loss.
Section 554.4404 - Bank not obligated to pay check more than six months old.
Section 554.4405 - Death or incompetence of customer.
Section 554.4406 - Customer’s duty to discover and report unauthorized signature or alteration.
Section 554.4407 - Payor bank’s right to subrogation on improper payment.
Section 554.4502 - Presentment of “on arrival” drafts.
Section 554.4504 - Privilege of presenting bank to deal with goods — security interest for expenses.
Section 554.5101 - Short title.
Section 554.5102 - Definitions.
Section 554.5104 - Formal requirements.
Section 554.5105 - Consideration.
Section 554.5106 - Issuance, amendment, cancellation, and duration.
Section 554.5107 - Confirmer, nominated person, and adviser.
Section 554.5108 - Issuer’s rights and obligations.
Section 554.5109 - Fraud and forgery.
Section 554.5110 - Warranties.
Section 554.5112 - Transfer of letter of credit.
Section 554.5113 - Transfer by operation of law.
Section 554.5114 - Assignment of proceeds.
Section 554.5115 - Statute of limitations.
Section 554.5116 - Choice of law and forum.
Section 554.5117 - Subrogation of issuer, applicant, and nominated person.
Section 554.5118 - Security interest of issuer or nominated person.
Section 554.7101 - Short title.
Section 554.7102 - Definitions and index of definitions.
Section 554.7103 - Relation of Article to treaty or statute.
Section 554.7104 - Negotiable and nonnegotiable document of title.
Section 554.7105 - Reissuance in alternative medium.
Section 554.7106 - Control of electronic document of title.
Section 554.7201 - Person that may issue a warehouse receipt — storage under bond.
Section 554.7202 - Form of warehouse receipt — effect of omission.
Section 554.7203 - Liability for nonreceipt or misdescription.
Section 554.7204 - Duty of care — contractual limitation of warehouse’s liability.
Section 554.7205 - Title under warehouse receipt defeated in certain cases.
Section 554.7206 - Termination of storage at warehouse’s option.
Section 554.7207 - Goods must be kept separate — fungible goods.
Section 554.7208 - Altered warehouse receipts.
Section 554.7209 - Lien of warehouse.
Section 554.7210 - Enforcement of warehouse’s lien.
Section 554.7302 - Through bills of lading and similar documents of title.
Section 554.7303 - Diversion — reconsignment — change of instructions.
Section 554.7304 - Tangible bills of lading in a set.
Section 554.7305 - Destination bills.
Section 554.7306 - Altered bills of lading.
Section 554.7307 - Lien of carrier.
Section 554.7308 - Enforcement of carrier’s lien.
Section 554.7309 - Duty of care — contractual limitation of carrier’s liability.
Section 554.7401 - Irregularities in issue of receipt or bill or conduct of issuer.
Section 554.7402 - Duplicate document of title — overissue.
Section 554.7403 - Obligation of bailee to deliver — excuse.
Section 554.7404 - No liability for good-faith delivery pursuant to document of title.
Section 554.7501 - Form of negotiation and requirements of due negotiation.
Section 554.7502 - Rights acquired by due negotiation.
Section 554.7503 - Document of title to goods defeated in certain cases.
Section 554.7505 - Indorser not guarantor for other parties.
Section 554.7506 - Delivery without indorsement — right to compel indorsement.
Section 554.7507 - Warranties on negotiation or delivery of document of title.
Section 554.7508 - Warranties of collecting bank as to documents of title.
Section 554.7509 - Adequate compliance with commercial contract.
Section 554.7601 - Lost, stolen, or destroyed documents of title.
Section 554.7601A - Lost, stolen, or destroyed documents — additional requirements.
Section 554.7602 - Judicial process against goods covered by negotiable document of title.
Section 554.7603 - Conflicting claims — interpleader.
Section 554.8101 - Short title.
Section 554.8102 - Definitions.
Section 554.8104 - Acquisition of security or financial asset or interest therein.
Section 554.8105 - Notice of adverse claim.
Section 554.8107 - Whether indorsement, instruction, or entitlement order is effective.
Section 554.8108 - Warranties in direct holding.
Section 554.8109 - Warranties in indirect holding.
Section 554.8110 - Applicability — choice of law.
Section 554.8111 - Clearing corporation rules.
Section 554.8112 - Creditor’s legal process.
Section 554.8113 - Statute of frauds inapplicable.
Section 554.8114 - Evidentiary rules concerning certificated securities.
Section 554.8115 - Securities intermediary and others not liable to adverse claimant.
Section 554.8116 - Securities intermediary as purchaser for value.
Section 554.8202 - Issuer’s responsibility and defenses — notice of defect or defense.
Section 554.8203 - Staleness as notice of defect or defense.
Section 554.8204 - Effect of issuer’s restriction on transfer.
Section 554.8205 - Effect of unauthorized signature on security certificate.
Section 554.8206 - Completion or alteration of security certificate.
Section 554.8207 - Rights and duties of issuer with respect to registered owners.
Section 554.8208 - Effect of signature of authenticating trustee, registrar, or transfer agent.
Section 554.8209 - Issuer’s lien.
Section 554.8302 - Rights of purchaser.
Section 554.8303 - Protected purchaser.
Section 554.8304 - Indorsement.
Section 554.8305 - Instruction.
Section 554.8306 - Effect of guaranteeing signature, indorsement, or instruction.
Section 554.8307 - Purchaser’s right to requisites for registration of transfer.
Section 554.8401 - Duty of issuer to register transfer.
Section 554.8402 - Assurance that indorsement or instruction is effective.
Section 554.8403 - Demand that issuer not register transfer.
Section 554.8404 - Wrongful registration.
Section 554.8405 - Replacement of lost, destroyed, or wrongfully taken security certificate.
Section 554.8407 - Authenticating trustee, transfer agent, and registrar.
Section 554.8408 - Statements of uncertificated securities.
Section 554.8502 - Assertion of adverse claim against entitlement holder.
Section 554.8504 - Duty of securities intermediary to maintain financial asset.
Section 554.8505 - Duty of securities intermediary with respect to payments and distributions.
Section 554.8507 - Duty of securities intermediary to comply with entitlement order.
Section 554.8510 - Rights of purchaser of security entitlement from entitlement holder.
Section 554.8511 - Priority among security interests and entitlement holders.
Section 554.9101 - Short title.
Section 554.9102 - Definitions and index of definitions.
Section 554.9104 - Control of deposit account.
Section 554.9105 - Control of electronic chattel paper.
Section 554.9106 - Control of investment property.
Section 554.9107 - Control of letter-of-credit right.
Section 554.9108 - Sufficiency of description.
Section 554.9110 - Security interests arising under Article 2 or 13.
Section 554.9111 - Applicability of bulk transfer laws.
Section 554.9201 - General effectiveness of security agreement.
Section 554.9202 - Title to collateral immaterial.
Section 554.9204 - After-acquired property — future advances.
Section 554.9205 - Use or disposition of collateral permissible.
Section 554.9206 - Security interest arising in purchase or delivery of financial asset.
Section 554.9207 - Rights and duties of secured party having possession or control of collateral.
Section 554.9208 - Additional duties of secured party having control of collateral.
Section 554.9209 - Duties of secured party if account debtor has been notified of assignment.
Section 554.9301 - Law governing perfection and priority of security interests.
Section 554.9302 - Law governing perfection and priority of agricultural liens.
Section 554.9304 - Law governing perfection and priority of security interests in deposit accounts.
Section 554.9307 - Location of debtor.
Section 554.9309 - Security interest perfected upon attachment.
Section 554.9314 - Perfection by control.
Section 554.9315 - Secured party’s rights on disposition of collateral and in proceeds.
Section 554.9316 - Effect of change in governing law.
Section 554.9319 - Rights and title of consignee with respect to creditors and purchasers.
Section 554.9320 - Buyer of goods.
Section 554.9323 - Future advances.
Section 554.9324 - Priority of purchase-money security interests.
Section 554.9325 - Priority of security interests in transferred collateral.
Section 554.9326 - Priority of security interests created by new debtor.
Section 554.9327 - Priority of security interests in deposit account.
Section 554.9328 - Priority of security interests in investment property.
Section 554.9329 - Priority of security interests in letter-of-credit right.
Section 554.9330 - Priority of purchaser of chattel paper or instrument.
Section 554.9332 - Transfer of money — transfer of funds from deposit account.
Section 554.9333 - Priority of certain liens arising by operation of law.
Section 554.9334 - Priority of security interests in fixtures and crops.
Section 554.9335 - Accessions.
Section 554.9336 - Commingled goods.
Section 554.9337 - Priority of security interests in goods covered by certificate of title.
Section 554.9339 - Priority subject to subordination.
Section 554.9340 - Effectiveness of right of recoupment or setoff against deposit account.
Section 554.9341 - Bank’s rights and duties with respect to deposit account.
Section 554.9342 - Bank’s right to refuse to enter into or disclose existence of control agreement.
Section 554.9401 - Alienability of debtor’s rights.
Section 554.9402 - Secured party not obligated on contract of debtor or in tort.
Section 554.9403 - Agreement not to assert defenses against assignee.
Section 554.9404 - Rights acquired by assignee — claims and defenses against assignee.
Section 554.9405 - Modification of assigned contract.
Section 554.9409 - Restrictions on assignment of letter-of-credit rights ineffective.
Section 554.9501 - Filing office.
Section 554.9503 - Name of debtor and secured party.
Section 554.9504 - Indication of collateral.
Section 554.9506 - Effect of errors or omissions.
Section 554.9507 - Effect of certain events on effectiveness of financing statement.
Section 554.9509 - Persons entitled to file a record.
Section 554.9510 - Effectiveness of filed record.
Section 554.9511 - Secured party of record.
Section 554.9512 - Amendment of financing statement.
Section 554.9513 - Termination statement.
Section 554.9513A - Termination of wrongfully filed financing statement — reinstatement.
Section 554.9514 - Assignment of powers of secured party of record.
Section 554.9516 - What constitutes filing — effectiveness of filing.
Section 554.9517 - Effect of indexing errors.
Section 554.9518 - Claim concerning inaccurate or wrongfully filed record.
Section 554.9520 - Acceptance and refusal to accept record.
Section 554.9521 - Uniform form of written financing statement and amendment.
Section 554.9522 - Maintenance and destruction of records.
Section 554.9523 - Information from filing office — sale or license of records.
Section 554.9524 - Delay by filing office.
Section 554.9526 - Filing-office rules.
Section 554.9527 - Duty to report.
Section 554.9602 - Waiver and variance of rights and duties.
Section 554.9603 - Agreement on standards concerning rights and duties.
Section 554.9604 - Procedure if security agreement covers real property or fixtures.
Section 554.9605 - Unknown debtor or secondary obligor.
Section 554.9606 - Time of default for agricultural lien.
Section 554.9607 - Collection and enforcement by secured party.
Section 554.9609 - Secured party’s right to take possession after default.
Section 554.9610 - Disposition of collateral after default.
Section 554.9611 - Notification before disposition of collateral.
Section 554.9612 - Timeliness of notification before disposition of collateral.
Section 554.9613 - Contents and form of notification before disposition of collateral — general.
Section 554.9616 - Explanation of calculation of surplus or deficiency.
Section 554.9617 - Rights of transferee of collateral.
Section 554.9618 - Rights and duties of certain secondary obligors.
Section 554.9619 - Transfer of record or legal title.
Section 554.9621 - Notification of proposal to accept collateral.
Section 554.9622 - Effect of acceptance of collateral.
Section 554.9623 - Right to redeem collateral.
Section 554.9625 - Remedies for secured party’s failure to comply with Article.
Section 554.9626 - Action in which deficiency or surplus is in issue.
Section 554.9627 - Determination of whether conduct was commercially reasonable.
Section 554.9701 - Effective date.
Section 554.9702 - Savings clause.
Section 554.9703 - Security interest perfected before effective date.
Section 554.9704 - Security interest unperfected before effective date.
Section 554.9705 - Effectiveness of action taken before effective date.
Section 554.9707 - Amendment of pre-effective-date financing statement.
Section 554.9708 - Persons entitled to file initial financing statement or continuation statement.
Section 554.9710 - “Former” defined.
Section 554.9801 - Effective date.
Section 554.9802 - Savings clause.
Section 554.9803 - Security interest perfected before effective date.
Section 554.9804 - Security interest unperfected before effective date.
Section 554.9805 - Effectiveness of action taken before effective date.
Section 554.9807 - Amendment of pre-effective-date financing statement.
Section 554.9808 - Person entitled to file initial financing statement or continuation statement.
Section 554.10101 - Effective date.
Section 554.10103 - General repealer.
Section 554.10104 - Laws not repealed.
Section 554.10105 - Secretary of state exempted from personal liability.
Section 554.11101 - Effective date.
Section 554.11102 - Preservation of old transition provision.
Section 554.11103 - Transition to this chapter as amended — general rule.
Section 554.11104 - Transition provision on change of requirement of filing.
Section 554.11105 - Transition provision on change of place of filing.
Section 554.11107 - Transition provisions as to priorities.
Section 554.11108 - Presumption that rule of law continues unchanged.
Section 554.11109 - Effect of official comments.
Section 554.12101 - Short title.
Section 554.12102 - Subject matter.
Section 554.12103 - Payment order — definitions.
Section 554.12104 - Funds transfer — definitions.
Section 554.12105 - Other definitions.
Section 554.12106 - Time payment order is received.
Section 554.12107 - Federal reserve regulations and operating circulars.
Section 554.12108 - Relationship to Electronic Fund Transfer Act.
Section 554.12201 - Security procedure.
Section 554.12202 - Authorized and verified payment orders.
Section 554.12203 - Unenforceability of certain verified payment orders.
Section 554.12205 - Erroneous payment orders.
Section 554.12207 - Misdescription of beneficiary.
Section 554.12208 - Misdescription of intermediary bank or beneficiary’s bank.
Section 554.12209 - Acceptance of payment order.
Section 554.12210 - Rejection of payment order.
Section 554.12211 - Cancellation and amendment of payment order.
Section 554.12212 - Liability and duty of receiving bank regarding unaccepted payment order.
Section 554.12301 - Execution and execution date.
Section 554.12302 - Obligations of receiving bank in execution of payment order.
Section 554.12303 - Erroneous execution of payment order.
Section 554.12304 - Duty of sender to report erroneously executed payment order.
Section 554.12305 - Liability for late or improper execution or failure to execute payment order.
Section 554.12401 - Payment date.
Section 554.12402 - Obligation of sender to pay receiving bank.
Section 554.12403 - Payment by sender to receiving bank.
Section 554.12404 - Obligation of beneficiary’s bank to pay and give notice to beneficiary.
Section 554.12405 - Payment by beneficiary’s bank to beneficiary.
Section 554.12406 - Payment by originator to beneficiary — discharge of underlying obligation.
Section 554.12501 - Variation by agreement and effect of funds-transfer system rule.
Section 554.12502 - Creditor process served on receiving bank — setoff by beneficiary’s bank.
Section 554.12503 - Injunction or restraining order with respect to funds transfer.
Section 554.12505 - Preclusion of objection to debit of customer’s account.
Section 554.12506 - Rate of interest.
Section 554.12507 - Choice of law.
Section 554.13101 - Short title.
Section 554.13103 - Definitions and index of definitions.
Section 554.13104 - Leases subject to other law.
Section 554.13105 - Territorial application of Article to goods covered by certificate of title.
Section 554.13107 - Waiver or renunciation of claim or right after default.
Section 554.13108 - Unconscionability.
Section 554.13109 - Option to accelerate at will.
Section 554.13201 - Statute of frauds.
Section 554.13202 - Final written expression — parol or extrinsic evidence.
Section 554.13203 - Seals inoperative.
Section 554.13204 - Formation in general.
Section 554.13205 - Firm offers.
Section 554.13206 - Offer and acceptance in formation of lease contract.
Section 554.13207 - Course of performance or practical construction.
Section 554.13208 - Modification, rescission, and waiver.
Section 554.13209 - Lessee under finance lease as beneficiary of supply contract.
Section 554.13210 - Express warranties.
Section 554.13212 - Implied warranty of merchantability.
Section 554.13213 - Implied warranty of fitness for particular purpose.
Section 554.13214 - Exclusion or modification of warranties.
Section 554.13215 - Cumulation and conflict of warranties express or implied.
Section 554.13216 - Third-party beneficiaries of express and implied warranties.
Section 554.13217 - Identification.
Section 554.13218 - Insurance and proceeds.
Section 554.13219 - Risk of loss.
Section 554.13220 - Effect of default on risk of loss.
Section 554.13221 - Casualty to identified goods.
Section 554.13301 - Enforceability of lease contract.
Section 554.13302 - Title to and possession of goods.
Section 554.13304 - Subsequent lease of goods by lessor.
Section 554.13305 - Sale or sublease of goods by lessee.
Section 554.13306 - Priority of certain liens arising by operation of law.
Section 554.13308 - Special rights of creditors.
Section 554.13309 - Lessor’s and lessee’s rights when goods become fixtures.
Section 554.13310 - Lessor’s and lessee’s rights when goods become accessions.
Section 554.13311 - Priority subject to subordination.
Section 554.13401 - Insecurity — adequate assurance of performance.
Section 554.13402 - Anticipatory repudiation.
Section 554.13403 - Retraction of anticipatory repudiation.
Section 554.13404 - Substituted performance.
Section 554.13405 - Excused performance.
Section 554.13406 - Procedure on excused performance.
Section 554.13407 - Irrevocable promises — finance leases.
Section 554.13501 - Default — procedure.
Section 554.13502 - Notice after default.
Section 554.13503 - Modification or impairment of rights and remedies.
Section 554.13504 - Liquidation of damages.
Section 554.13506 - Statute of limitations.
Section 554.13507 - Proof of market rent — time and place.
Section 554.13508 - Lessee’s remedies.
Section 554.13509 - Lessee’s rights on improper delivery — rightful rejection.
Section 554.13510 - Installment lease contracts — rejection and default.
Section 554.13511 - Merchant lessee’s duties as to rightfully rejected goods.
Section 554.13512 - Lessee’s duties as to rightfully rejected goods.
Section 554.13513 - Cure by lessor of improper tender or delivery — replacement.
Section 554.13514 - Waiver of lessee’s objections.
Section 554.13515 - Acceptance of goods.
Section 554.13517 - Revocation of acceptance of goods.
Section 554.13518 - Cover — substitute goods.
Section 554.13520 - Lessee’s incidental and consequential damages.
Section 554.13521 - Lessee’s right to specific performance or replevin.
Section 554.13522 - Lessee’s right to goods on lessor’s insolvency.
Section 554.13523 - Lessor’s remedies.
Section 554.13524 - Lessor’s right to identify goods to lease contract.
Section 554.13525 - Lessor’s right to possession of goods.
Section 554.13526 - Lessor’s stoppage of delivery in transit or otherwise.
Section 554.13527 - Lessor’s rights to dispose of goods.
Section 554.13529 - Lessor’s action for the rent.
Section 554.13530 - Lessor’s incidental damages.
Section 554.13531 - Standing to sue third parties for injury to goods.