A consignor or lessor of goods may file a financing statement using the terms "consignor", "consignee", "lessor", "lessee" or the like instead of the terms specified in section 554.9402. The provisions of this Part shall apply as appropriate to such a financing statement but its filing shall not of itself be a factor in determining whether or not the consignment or lease is intended as security (section 554.1201, subsection 37). However, if it is determined for other reasons that the consignment or lease is so intended, a security interest of the consignor or lessor which attaches to the consigned or leased goods is perfected by such filing.
[C75, 77, 79, 81, § 554.9408]
Referred to in § 15E.91, 16.26, 16A.9, 331.602
For future amendments to this section effective July 1, 2001, see 2000 Acts, ch 1149, §70, 185, 187
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