554.9110  Security interests arising under Article 2 or 13.
  A security interest arising under section 554.2401, 554.2505, 554.2711, subsection 3, or section 554.13508, subsection 5, is subject to this Article. However, until the debtor obtains possession of the goods:
  1.  the security interest is enforceable, even if section 554.9203, subsection 2, paragraph “c”, has not been satisfied;
  2.  filing is not required to perfect the security interest;
  3.  the rights of the secured party after default by the debtor are governed by Article 2 or 13; and
  4.  the security interest has priority over a conflicting security interest created by the debtor.
2000 Acts, ch 1149, §10, 185, 187
Effective July 1, 2001; 2000 Acts, ch 1149, §187; former section repealed effective July 1, 2001; 2000 Acts, ch 1149, §185, 187; for law prior to July 1, 2001, see Code 2001