Uniform Commercial Code
Iowa · Uniform Commercial Code · §§ 554.10101 to 554.9628 · 631 sections
Overview
The Uniform Commercial Code governs commercial transactions, with the provisions here covering the sale of goods and the treatment of certain electronic records that function as payment or account rights. For sales, it supplies default rules that fill gaps in contracts — price, delivery, timing, and payment terms — alongside requirements for contract formation and modification, a statute of frauds, limits on the use of extrinsic evidence, and rules on when acceptance with added terms creates a binding agreement. It also establishes warranties that attach to a sale, including title, express warranties created by description or sample, and implied warranties of merchantability and fitness for a particular purpose, and it empowers courts to refuse enforcement of unconscionable terms.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 234 court decisions.
Most-cited authority: 60 B.R. 223 - Consumer Lease Network, Inc. v. Puckett (In Re Puckett)
Sections covered
Showing the first 400 of 631 sections — browse the full code.
- Iowa Code § 554.10101Effective date
- Iowa Code § 554.10103General repealer
- Iowa Code § 554.10104Laws not repealed. Repealed by
- Iowa Code § 554.10105Secretary of state exempted from personal liability
- Iowa Code § 554.1101Short titles
- Iowa Code § 554.1102Scope of Article1 cite
- Iowa Code § 554.1103Construction of this chapter to promote its purposes and policies — applicability of supplemental principles of law4 cites
- Iowa Code § 554.1104Construction against implied repeal
- Iowa Code § 554.1105Severability
- Iowa Code § 554.1106Use of singular and plural — gender
- Iowa Code § 554.1107Section captions
- Iowa Code § 554.1108Relation to Electronic Signatures in Global and National Commerce Act
- Iowa Code § 554.1110Rules for filing and indexing
- Iowa Code § 554.11101Effective date
- Iowa Code § 554.11102Preservation of old transition provision
- Iowa Code § 554.11103Transition to this chapter as amended — general rule
- Iowa Code § 554.11104Transition provision on change of requirement of filing
- Iowa Code § 554.11105Transition provision on change of place of filing. Repealed by
- Iowa Code § 554.11107Transition provisions as to priorities
- Iowa Code § 554.11108Presumption that rule of law continues unchanged
- Iowa Code § 554.11109Effect of official comments
- Iowa Code § 554.1201General definitions44 cites
- Iowa Code § 554.1202Notice — knowledge1 cite
- Iowa Code § 554.1203Lease distinguished from security interest1 cite
- Iowa Code § 554.1204Value
- Iowa Code § 554.1205Reasonable time — seasonableness
- Iowa Code § 554.1206Presumptions
- Iowa Code § 554.12101Short title
- Iowa Code § 554.12102Subject matter
- Iowa Code § 554.12103Payment order — definitions
- Iowa Code § 554.12104Funds transfer — definitions
- Iowa Code § 554.12105Other definitions
- Iowa Code § 554.12106Time payment order is received
- Iowa Code § 554.12107Federal reserve regulations and operating circulars
- Iowa Code § 554.12108Relationship to Electronic Fund Transfer Act
- Iowa Code § 554.12201Security procedure
- Iowa Code § 554.12202Authorized and verified payment orders
- Iowa Code § 554.12203Unenforceability of certain verified payment orders
- Iowa Code § 554.12204Refund of payment and duty of customer to report with respect to unauthorized payment order
- Iowa Code § 554.12205Erroneous payment orders
- Iowa Code § 554.12206Transmission of payment order through funds-transfer or other communication system
- Iowa Code § 554.12207Misdescription of beneficiary
- Iowa Code § 554.12208Misdescription of intermediary bank or beneficiary’s bank
- Iowa Code § 554.12209Acceptance of payment order
- Iowa Code § 554.12210Rejection of payment order
- Iowa Code § 554.12211Cancellation and amendment of payment order
- Iowa Code § 554.12212Liability and duty of receiving bank regarding unaccepted payment order
- Iowa Code § 554.12301Execution and execution date
- Iowa Code § 554.12302Obligations of receiving bank in execution of payment order
- Iowa Code § 554.12303Erroneous execution of payment order
- Iowa Code § 554.12304Duty of sender to report erroneously executed payment order
- Iowa Code § 554.12305Liability for late or improper execution or failure to execute payment order
- Iowa Code § 554.12401Payment date
- Iowa Code § 554.12402Obligation of sender to pay receiving bank
- Iowa Code § 554.12403Payment by sender to receiving bank
- Iowa Code § 554.12404Obligation of beneficiary’s bank to pay and give notice to beneficiary
- Iowa Code § 554.12405Payment by beneficiary’s bank to beneficiary
- Iowa Code § 554.12406Payment by originator to beneficiary — discharge of underlying obligation
- Iowa Code § 554.12501Variation by agreement and effect of funds-transfer system rule
- Iowa Code § 554.12502Creditor process served on receiving bank — setoff by beneficiary’s bank
- Iowa Code § 554.12503Injunction or restraining order with respect to funds transfer
- Iowa Code § 554.12504Order in which items and payment orders may be charged to account — order of withdrawals from account
- Iowa Code § 554.12505Preclusion of objection to debit of customer’s account
- Iowa Code § 554.12506Rate of interest
- Iowa Code § 554.12507Choice of law
- Iowa Code § 554.1301Territorial applicability — parties’ power to choose applicable law
- Iowa Code § 554.1302Variation by agreement1 cite
- Iowa Code § 554.1303Course of performance, course of dealing, and usage of trade4 cites
- Iowa Code § 554.1304Obligation of good faith
- Iowa Code § 554.1305Remedies to be liberally administered
- Iowa Code § 554.1306Waiver or renunciation of claim or right after breach
- Iowa Code § 554.1307Prima facie evidence by third-party documents
- Iowa Code § 554.1308Performance or acceptance under reservation of rights
- Iowa Code § 554.1309Option to accelerate at will
- Iowa Code § 554.1310Subordinated obligations
- Iowa Code § 554.13101Short title
- Iowa Code § 554.13102Scope
- Iowa Code § 554.13103Definitions and index of definitions1 cite
- Iowa Code § 554.13104Leases subject to other law
- Iowa Code § 554.13105Territorial application of Article to goods covered by certificate of title
- Iowa Code § 554.13106Limitation on power of parties to consumer lease to choose applicable law and judicial forum
- Iowa Code § 554.13107Waiver or renunciation of claim or right after default
- Iowa Code § 554.13108Unconscionability
- Iowa Code § 554.13109Option to accelerate at will
- Iowa Code § 554.13201Statute of frauds
- Iowa Code § 554.13202Final written expression — parol or extrinsic evidence
- Iowa Code § 554.13203Seals inoperative
- Iowa Code § 554.13204Formation in general
- Iowa Code § 554.13205Firm offers
- Iowa Code § 554.13206Offer and acceptance in formation of lease contract
- Iowa Code § 554.13207Course of performance or practical construction. Repealed by
- Iowa Code § 554.13208Modification, rescission, and waiver
- Iowa Code § 554.13209Lessee under finance lease as beneficiary of supply contract
- Iowa Code § 554.13210Express warranties
- Iowa Code § 554.13211Warranties against interference and against infringement — lessee’s obligation against infringement
- Iowa Code § 554.13212Implied warranty of merchantability
- Iowa Code § 554.13213Implied warranty of fitness for particular purpose
- Iowa Code § 554.13214Exclusion or modification of warranties
- Iowa Code § 554.13215Cumulation and conflict of warranties express or implied
- Iowa Code § 554.13216Third-party beneficiaries of express and implied warranties
- Iowa Code § 554.13217Identification
- Iowa Code § 554.13218Insurance and proceeds
- Iowa Code § 554.13219Risk of loss
- Iowa Code § 554.13220Effect of default on risk of loss
- Iowa Code § 554.13221Casualty to identified goods
- Iowa Code § 554.13301Enforceability of lease contract
- Iowa Code § 554.13302Title to and possession of goods
- Iowa Code § 554.13303Alienability of party’s interest under lease contract or of lessor’s residual interest in goods — delegation of performance — transfer of rights
- Iowa Code § 554.13304Subsequent lease of goods by lessor
- Iowa Code § 554.13305Sale or sublease of goods by lessee
- Iowa Code § 554.13306Priority of certain liens arising by operation of law
- Iowa Code § 554.13307Priority of liens arising by attachment or levy on, security interests in, and other claims to goods
- Iowa Code § 554.13308Special rights of creditors
- Iowa Code § 554.13309Lessor’s and lessee’s rights when goods become fixtures
- Iowa Code § 554.13310Lessor’s and lessee’s rights when goods become accessions
- Iowa Code § 554.13311Priority subject to subordination
- Iowa Code § 554.13401Insecurity — adequate assurance of performance
- Iowa Code § 554.13402Anticipatory repudiation
- Iowa Code § 554.13403Retraction of anticipatory repudiation
- Iowa Code § 554.13404Substituted performance
- Iowa Code § 554.13405Excused performance
- Iowa Code § 554.13406Procedure on excused performance
- Iowa Code § 554.13407Irrevocable promises — finance leases
- Iowa Code § 554.13501Default — procedure
- Iowa Code § 554.13502Notice after default
- Iowa Code § 554.13503Modification or impairment of rights and remedies
- Iowa Code § 554.13504Liquidation of damages
- Iowa Code § 554.13505Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies
- Iowa Code § 554.13506Statute of limitations
- Iowa Code § 554.13507Proof of market rent — time and place
- Iowa Code § 554.13508Lessee’s remedies
- Iowa Code § 554.13509Lessee’s rights on improper delivery — rightful rejection
- Iowa Code § 554.13510Installment lease contracts — rejection and default
- Iowa Code § 554.13511Merchant lessee’s duties as to rightfully rejected goods
- Iowa Code § 554.13512Lessee’s duties as to rightfully rejected goods
- Iowa Code § 554.13513Cure by lessor of improper tender or delivery — replacement
- Iowa Code § 554.13514Waiver of lessee’s objections
- Iowa Code § 554.13515Acceptance of goods
- Iowa Code § 554.13516Effect of acceptance of goods — notice of default — burden of establishing default after acceptance — notice of claim or litigation to person answerable over
- Iowa Code § 554.13517Revocation of acceptance of goods
- Iowa Code § 554.13518Cover — substitute goods
- Iowa Code § 554.13519Lessee’s damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods
- Iowa Code § 554.13520Lessee’s incidental and consequential damages
- Iowa Code § 554.13521Lessee’s right to specific performance or replevin
- Iowa Code § 554.13522Lessee’s right to goods on lessor’s insolvency
- Iowa Code § 554.13523Lessor’s remedies
- Iowa Code § 554.13524Lessor’s right to identify goods to lease contract
- Iowa Code § 554.13525Lessor’s right to possession of goods
- Iowa Code § 554.13526Lessor’s stoppage of delivery in transit or otherwise
- Iowa Code § 554.13527Lessor’s rights to dispose of goods
- Iowa Code § 554.13528Lessor’s damages for nonacceptance, failure to pay, repudiation, or other default
- Iowa Code § 554.13529Lessor’s action for the rent
- Iowa Code § 554.13530Lessor’s incidental damages
- Iowa Code § 554.13531Standing to sue third parties for injury to goods
- Iowa Code § 554.13532Lessor’s rights to residual interest
- Iowa Code § 554.14101Short title
- Iowa Code § 554.14102Definitions
- Iowa Code § 554.14103Relation to Article 9 and consumer laws
- Iowa Code § 554.14104Rights in controllable account, controllable electronic record, and controllable payment intangible
- Iowa Code § 554.14105Control of controllable electronic record
- Iowa Code § 554.14106Discharge of account debtor on controllable account or controllable payment intangible
- Iowa Code § 554.14107Governing law
- Iowa Code § 554.15102Definitions
- Iowa Code § 554.15201Saving clause
- Iowa Code § 554.15301Saving clause
- Iowa Code § 554.15302Security interest perfected before July 1, 2024
- Iowa Code § 554.15303Security interest unperfected before July 1, 2024
- Iowa Code § 554.15304Effectiveness of actions taken before July 1, 2024
- Iowa Code § 554.15305Priority
- Iowa Code § 554.15306Priority of claims when priority rules of Article 9 do not apply
- Iowa Code § 554.2101Short title
- Iowa Code § 554.2102Scope — certain security and other transactions excluded from this Article
- Iowa Code § 554.2103Definitions and index of definitions
- Iowa Code § 554.2104Definitions: “merchant” — “between merchants” — “financing agency”1 cite
- Iowa Code § 554.2105Definitions: transferability — “goods” — “future” goods — “lot” — “commercial unit”2 cites
- Iowa Code § 554.2106Definitions: “contract” — “agreement” — “contract for sale” — “sale” — “present sale” — “conforming” to contract — “termination” — “cancellation” — “hybrid transaction”
- Iowa Code § 554.2107Goods to be severed from realty: recording
- Iowa Code § 554.2201Formal requirements — statute of frauds
- Iowa Code § 554.2202Final expression — parol or extrinsic evidence6 cites
- Iowa Code § 554.2203Seals inoperative
- Iowa Code § 554.2204Formation in general1 cite
- Iowa Code § 554.2205Firm offers
- Iowa Code § 554.2206Offer and acceptance in formation of contract
- Iowa Code § 554.2207Additional terms in acceptance or confirmation3 cites
- Iowa Code § 554.2208Course of performance or practical construction. Repealed by
- Iowa Code § 554.2209Modification, rescission, and waiver
- Iowa Code § 554.2210Delegation of performance — assignment of rights
- Iowa Code § 554.2301General obligations of parties1 cite
- Iowa Code § 554.2302Unconscionable contract or clause3 cites
- Iowa Code § 554.2303Allocation or division of risks1 cite
- Iowa Code § 554.2304Price payable in money, goods, realty, or otherwise
- Iowa Code § 554.2305Open price term
- Iowa Code § 554.2306Output, requirements and exclusive dealings
- Iowa Code § 554.2307Delivery in single lot or several lots
- Iowa Code § 554.2308Absence of specified place for delivery
- Iowa Code § 554.2309Absence of specific time provisions — notice of termination1 cite
- Iowa Code § 554.2310Open time for payment or running of credit — authority to ship under reservation
- Iowa Code § 554.2311Options and cooperation respecting performance
- Iowa Code § 554.2312Warranty of title and against infringement — buyer’s obligation against infringement
- Iowa Code § 554.2313Express warranties by affirmation, promise, description, sample4 cites
- Iowa Code § 554.2314Implied warranty: merchantability — usage of trade5 cites
- Iowa Code § 554.2315Implied warranty — fitness for particular purpose3 cites
- Iowa Code § 554.2316Exclusion or modification of warranties7 cites
- Iowa Code § 554.2317Cumulation and conflict of warranties express or implied
- Iowa Code § 554.2318Third party beneficiaries of warranties express or implied1 cite
- Iowa Code § 554.2319F.O.B. and F.A.S. terms1 cite
- Iowa Code § 554.2320C.I.F. and C. & F. terms
- Iowa Code § 554.2321C.I.F. or C. & F. — “net landed weights” — “payment on arrival” — warranty of condition on arrival
- Iowa Code § 554.2322Delivery “ex-ship”
- Iowa Code § 554.2323Form of bill of lading required in overseas shipment — “overseas”
- Iowa Code § 554.2324“No arrival, no sale” term
- Iowa Code § 554.2325“Letter of credit” term — “confirmed credit”
- Iowa Code § 554.2326Sale on approval and sale or return — rights of creditors1 cite
- Iowa Code § 554.2327Special incidents of sale on approval and sale or return
- Iowa Code § 554.2328Sale by auction
- Iowa Code § 554.2401Passing of title — reservation for security — limited application of this section4 cites
- Iowa Code § 554.2402Rights of seller’s creditors against sold goods
- Iowa Code § 554.2403Power to transfer — good faith purchase of goods — “entrusting”
- Iowa Code § 554.2501Insurable interest in goods — manner of identification of goods
- Iowa Code § 554.2502Buyer’s right to goods on seller’s repudiation, failure to deliver, or insolvency1 cite
- Iowa Code § 554.2503Manner of seller’s tender of delivery1 cite
- Iowa Code § 554.2504Shipment by seller
- Iowa Code § 554.2505Seller’s shipment under reservation
- Iowa Code § 554.2506Rights of financing agency
- Iowa Code § 554.2507Effect of seller’s tender — delivery on condition1 cite
- Iowa Code § 554.2508Cure by seller of improper tender or delivery — replacement1 cite
- Iowa Code § 554.2509Risk of loss in the absence of breach
- Iowa Code § 554.2510Effect of breach on risk of loss
- Iowa Code § 554.2511Tender of payment by buyer — payment by check
- Iowa Code § 554.2512Payment by buyer before inspection
- Iowa Code § 554.2513Buyer’s right to inspection of goods
- Iowa Code § 554.2514When documents deliverable on acceptance — when on payment
- Iowa Code § 554.2515Preserving evidence of goods in dispute
- Iowa Code § 554.2601Buyer’s rights on improper delivery
- Iowa Code § 554.2602Manner and effect of rightful rejection
- Iowa Code § 554.2603Merchant buyer’s duties as to rightfully rejected goods
- Iowa Code § 554.2604Buyer’s options as to salvage of rightfully rejected goods
- Iowa Code § 554.2605Waiver of buyer’s objections by failure to particularize
- Iowa Code § 554.2606What constitutes acceptance of goods
- Iowa Code § 554.2607Effect of acceptance — notice of breach — burden of establishing breach after acceptance — notice of claim or litigation to person answerable over
- Iowa Code § 554.2608Revocation of acceptance in whole or in part
- Iowa Code § 554.2609Right to adequate assurance of performance1 cite
- Iowa Code § 554.2610Anticipatory repudiation
- Iowa Code § 554.2611Retraction of anticipatory repudiation
- Iowa Code § 554.2612“Installment contract” — breach1 cite
- Iowa Code § 554.2613Casualty to identified goods
- Iowa Code § 554.2614Substituted performance2 cites
- Iowa Code § 554.2615Excuse by failure of presupposed conditions2 cites
- Iowa Code § 554.2616Procedure on notice claiming excuse
- Iowa Code § 554.2701Remedies for breach of collateral contracts not impaired
- Iowa Code § 554.2702Seller’s remedies on discovery of buyer’s insolvency
- Iowa Code § 554.2703Seller’s remedies in general2 cites
- Iowa Code § 554.2704Seller’s right to identify goods to the contract notwithstanding breach or to salvage unfinished goods
- Iowa Code § 554.2705Seller’s stoppage of delivery in transit or otherwise
- Iowa Code § 554.2706Seller’s resale including contract for resale1 cite
- Iowa Code § 554.2707“Person in the position of a seller”
- Iowa Code § 554.2708Seller’s damages for nonacceptance or repudiation1 cite
- Iowa Code § 554.2709Action for the price1 cite
- Iowa Code § 554.2710Seller’s incidental damages
- Iowa Code § 554.2711Buyer’s remedies in general — buyer’s security interest in rejected goods
- Iowa Code § 554.2712“Cover” — buyer’s procurement of substitute goods
- Iowa Code § 554.2713Buyer’s damages for nondelivery or repudiation
- Iowa Code § 554.2714Buyer’s damages for breach in regard to accepted goods2 cites
- Iowa Code § 554.2715Buyer’s incidental and consequential damages2 cites
- Iowa Code § 554.2716Buyer’s right to specific performance or replevin
- Iowa Code § 554.2717Deduction of damages from the price1 cite
- Iowa Code § 554.2718Liquidation or limitation of damages — deposits1 cite
- Iowa Code § 554.2719Contractual modification or limitation of remedy5 cites
- Iowa Code § 554.2720Effect of “cancellation” or “rescission” on claims for antecedent breach
- Iowa Code § 554.2721Remedies for fraud
- Iowa Code § 554.2722Who can sue third parties for injury to goods
- Iowa Code § 554.2723Proof of market price — time and place1 cite
- Iowa Code § 554.2724Admissibility of market quotations
- Iowa Code § 554.2725Statute of limitations in contracts for sale
- Iowa Code § 554.3101Short title
- Iowa Code § 554.3102Subject matter
- Iowa Code § 554.3103Definitions1 cite
- Iowa Code § 554.3104Negotiable instrument1 cite
- Iowa Code § 554.3105Issue of instrument
- Iowa Code § 554.3106Unconditional promise or order
- Iowa Code § 554.3107Instrument payable in foreign money
- Iowa Code § 554.3108Payable on demand or at definite time
- Iowa Code § 554.3109Payable to bearer or to order
- Iowa Code § 554.3110Identification of person to whom instrument is payable
- Iowa Code § 554.3111Place of payment
- Iowa Code § 554.3112Interest
- Iowa Code § 554.3113Date of instrument
- Iowa Code § 554.3114Contradictory terms of instrument
- Iowa Code § 554.3115Incomplete instrument
- Iowa Code § 554.3116Joint and several liability — contribution
- Iowa Code § 554.3117Other agreements affecting instrument
- Iowa Code § 554.3118Accrual of cause of action
- Iowa Code § 554.3119Notice of right to defend action
- Iowa Code § 554.3201Negotiation
- Iowa Code § 554.3202Negotiation subject to rescission
- Iowa Code § 554.3203Transfer of instrument — rights acquired by transfer
- Iowa Code § 554.3204Endorsement
- Iowa Code § 554.3205Special endorsement — blank endorsement — anomalous endorsement
- Iowa Code § 554.3206Restrictive endorsement
- Iowa Code § 554.3207Reacquisition
- Iowa Code § 554.3301Person entitled to enforce instrument
- Iowa Code § 554.3302Holder in due course
- Iowa Code § 554.3303Value and consideration
- Iowa Code § 554.3304Overdue instrument
- Iowa Code § 554.3305Defenses and claims in recoupment
- Iowa Code § 554.3306Claims to an instrument1 cite
- Iowa Code § 554.3307Notice of breach of fiduciary duty
- Iowa Code § 554.3308Proof of signatures and status as holder in due course
- Iowa Code § 554.3309Enforcement of lost, destroyed, or stolen instrument
- Iowa Code § 554.3310Effect of instrument on obligation for which taken
- Iowa Code § 554.3311Accord and satisfaction by use of instrument
- Iowa Code § 554.3312Lost, destroyed, or stolen cashier’s check, teller’s check, or certified check
- Iowa Code § 554.3401Signature necessary for liability on instrument
- Iowa Code § 554.3402Signature by representative
- Iowa Code § 554.3403Unauthorized signature2 cites
- Iowa Code § 554.3404Impostors — fictitious payees
- Iowa Code § 554.3405Employer’s responsibility for fraudulent endorsement by employee
- Iowa Code § 554.3406Negligence contributing to forged signature or alteration of instrument
- Iowa Code § 554.3407Alteration
- Iowa Code § 554.3408Drawee not liable on unaccepted draft
- Iowa Code § 554.3409Acceptance of draft — certified check
- Iowa Code § 554.3410Acceptance varying draft
- Iowa Code § 554.3411Refusal to pay cashier’s checks, teller’s checks, and certified checks
- Iowa Code § 554.3412Obligation of issuer of note or cashier’s check
- Iowa Code § 554.3413Obligation of acceptor
- Iowa Code § 554.3414Obligation of drawer
- Iowa Code § 554.3415Obligation of endorser
- Iowa Code § 554.3416Transfer warranties
- Iowa Code § 554.3417Presentment warranties
- Iowa Code § 554.3418Payment or acceptance by mistake
- Iowa Code § 554.3419Instruments signed for accommodation
- Iowa Code § 554.3420Conversion of instrument
- Iowa Code § 554.3501Presentment
- Iowa Code § 554.3502Dishonor1 cite
- Iowa Code § 554.3503Notice of dishonor
- Iowa Code § 554.3504Excused presentment and notice of dishonor
- Iowa Code § 554.3505Evidence of dishonor
- Iowa Code § 554.3512Holder’s recourse for dishonor
- Iowa Code § 554.3513Civil remedy for dishonor
- Iowa Code § 554.3601Discharge and effect of discharge
- Iowa Code § 554.3602Payment
- Iowa Code § 554.3603Tender of payment
- Iowa Code § 554.3604Discharge by cancellation or renunciation
- Iowa Code § 554.3605Discharge of endorsers and accommodation parties
- Iowa Code § 554.4101Short title
- Iowa Code § 554.4102Applicability
- Iowa Code § 554.4103Variation by agreement — measure of damages — action constituting ordinary care1 cite
- Iowa Code § 554.4104Definitions and index of definitions3 cites
- Iowa Code § 554.4105“Bank” — “depositary bank” — “intermediary bank” — “collecting bank” — “payor bank” — “presenting bank”
- Iowa Code § 554.4106Payable through or payable at bank — collecting bank
- Iowa Code § 554.4107Separate office of a bank
- Iowa Code § 554.4108Time of receipt of items
- Iowa Code § 554.4109Delays
- Iowa Code § 554.4110Electronic presentment
- Iowa Code § 554.4111Statute of limitations1 cite
- Iowa Code § 554.4201Status of collecting bank as agent and provisional status of credits — applicability of Article — item endorsed “pay any bank”
- Iowa Code § 554.4202Responsibility for collection or return — when action timely
- Iowa Code § 554.4203Effect of instructions
- Iowa Code § 554.4204Methods of sending and presenting — sending directly to payor bank
- Iowa Code § 554.4205Depositary bank holder of unendorsed item
- Iowa Code § 554.4206Transfer between banks
- Iowa Code § 554.4207Transfer warranties
- Iowa Code § 554.4208Presentment warranties
- Iowa Code § 554.4209Encoding and retention warranties
- Iowa Code § 554.4210Security interest of collecting bank in items, accompanying documents and proceeds
- Iowa Code § 554.4211When bank gives value for purposes of holder in due course
- Iowa Code § 554.4212Presentment by notice of item not payable by, through, or at a bank; liability of drawer or endorser
- Iowa Code § 554.4213Medium and time of settlement by bank
- Iowa Code § 554.4214Right of charge-back or refund — liability of collecting bank — return of item
- Iowa Code § 554.4215Final payment of item by payor bank — when provisional debits and credits become final — when certain credits become available for withdrawal1 cite
- Iowa Code § 554.4216Insolvency and preference
- Iowa Code § 554.4301Deferred posting — recovery of payment by return of items — time of dishonor — return of items by payor bank2 cites
- Iowa Code § 554.4302Payor bank’s responsibility for late return of item
- Iowa Code § 554.4303When items subject to notice, stop-payment order, legal process, or setoff — order in which items may be charged or certified
- Iowa Code § 554.4401When bank may charge customer’s account
- Iowa Code § 554.4402Bank’s liability to customer for wrongful dishonor — time of determining insufficiency of account1 cite
- Iowa Code § 554.4403Customer’s right to stop payment — burden of proof of loss
- Iowa Code § 554.4404Bank not obligated to pay check more than six months old
- Iowa Code § 554.4405Death or incompetence of customer
- Iowa Code § 554.4406Customer’s duty to discover and report unauthorized signature or alteration
- Iowa Code § 554.4407Payor bank’s right to subrogation on improper payment
- Iowa Code § 554.4501Handling of documentary drafts — duty to send for presentment and to notify customer of dishonor
- Iowa Code § 554.4502Presentment of “on arrival” drafts
- Iowa Code § 554.4503Responsibility of presenting bank for documents and goods — report of reasons for dishonor — referee in case of need
- Iowa Code § 554.4504Privilege of presenting bank to deal with goods — security interest for expenses
- Iowa Code § 554.5101Short title
- Iowa Code § 554.5102Definitions
- Iowa Code § 554.5103Scope
- Iowa Code § 554.5104Formal requirements
- Iowa Code § 554.5105Consideration
- Iowa Code § 554.5106Issuance, amendment, cancellation, and duration
- Iowa Code § 554.5107Confirmer, nominated person, and adviser
- Iowa Code § 554.5108Issuer’s rights and obligations
- Iowa Code § 554.5109Fraud and forgery
- Iowa Code § 554.5110Warranties
- Iowa Code § 554.5111Remedies
- Iowa Code § 554.5112Transfer of letter of credit
- Iowa Code § 554.5113Transfer by operation of law
- Iowa Code § 554.5114Assignment of proceeds
- Iowa Code § 554.5115Statute of limitations
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