554.8112 Creditor’s legal process. 1. The interest of a debtor in a certificated security may be reached by a creditor only by actual seizure of the security certificate by the officer making the attachment or levy, except asotherwise provided in subsection 4. However, a certificated security for which the certificatehas been surrendered to the issuer may be reached by a creditor by legal process upon theissuer. 2. The interest of a debtor in an uncertificated security may be reached by a creditor only by legal process upon the issuer at its chief executive office in the United States, except asotherwise provided in subsection 4. 3. The interest of a debtor in a security entitlement may be reached by a creditor only by legal process upon the securities intermediary with whom the debtor’s securities account ismaintained, except as otherwise provided in subsection 4. 4. The interest of a debtor in a certificated security for which the certificate is in the possession of a secured party, or in an uncertificated security registered in the name of asecured party, or a security entitlement maintained in the name of a secured party, may bereached by a creditor by legal process upon the , or in an uncertificated security registered in the name of asecured party, or a security entitlement maintained in the name of a secured party, may bereached by a creditor by legal process upon the secured party. 5. A creditor whose debtor is the owner of a certificated security, uncertificated security, or security entitlement is entitled to aid from a court of competent jurisdiction, by injunction orotherwise, in reaching the certificated security, uncertificated security, or security entitlementor in satisfying the claim by means allowed at law or in equity in regard to property thatcannot readily be reached by other legal process. 96 Acts, ch 1138, §20, 84 Sat Dec 23 01:58:12 2023 Iowa Code 2024, Section 554.8112 (24, 0)
Iowa Legal Code