Indication of collateral
Known as the Uniform Commercial Code
The act spans §§ 554–554 (631 sections).
Applied in 2 court decisions — leading case Duesterhaus Fertilizer, Inc. v. Capital Crossing Bank (In re Duesterhaus Fertilizer, Inc.) (2006)
Most recently applied in Duesterhaus Fertilizer, Inc. v. Capital Crossing Bank (In re Duesterhaus Fertilizer, Inc.) (August 2006)
2000 Acts, ch 1149, §75, 185, 187
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.
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.