1. A security interest is perfected when it has attached and when all of the applicable steps required for perfection have been taken. Such steps are specified in sections 554.9115, 554.9302, 554.9304, 554.9305 and 554.9306. If such steps are taken before the security interest attaches, it is perfected at the time when it attaches.
2. If a security interest is originally perfected in any way permitted under this Article and is subsequently perfected in some other way under this Article, without an intermediate period when it was unperfected, the security interest shall be deemed to be perfected continuously for the purposes of this Article.
[C24, 27, 31, 35, 39, § 10023; C46, 50, 54, § 556.12; C58, 62, § 539.8, 556.12; C66, 71, 73, 75, 77, 79, 81, § 554.9303]
96 Acts, ch 1138, § 70, 84
Referred to in § 15E.91, 16.26, 16A.9, 554.13307
1996 amendment to subsection 1 takes effect July 1, 1997; 96 Acts, ch 1138, § 84; for provisions governing the continued perfection of security interests that are perfected as of July 1, 1997, see 96 Acts, ch 1138, § 80, 84; for law prior to July 1, 1997, see Code 1995
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