554.9505 Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. 1. Use of terms other than debtor and secured party. A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financingstatement, or may comply with a statute or treaty described in section 554.9311, subsection1, using the terms 'consignor', 'consignee', 'lessor', 'lessee', 'bailor', 'bailee', 'licensor','licensee', 'owner', 'registered owner', 'buyer', 'seller', or words of similar import, insteadof the terms 'secured party' and 'debtor'. 2. Effect of financing statement under subsection 1. This part applies to the filing of a financing statement under subsection 1 and, as appropriate, to compliance that isequivalent to filing a financing statement under section 554.9311, subsection 2, but thefiling or compliance is not of itself a factor in determining whether the collateral secures anobligation. If it is determined for another reason that the collateral secures an obligation,a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer whichattaches to the nobligation. If it is determined for another reason that the collateral secures an obligation,a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer whichattaches to the collateral is perfected by the filing or compliance. 2000 Acts, ch 1149, §76, 185, 187 Sat Dec 23 11:02:09 2023 Iowa Code 2024, Section 554.9505 (26, 0)
Iowa Legal Code