554.15302  Security interest perfected before July 1, 2024.
  1.  Continuing perfection: perfection requirements satisfied.  A security interest that is enforceable and perfected immediately before July 1, 2024, is a perfected security interest under 
2024 Iowa Acts, ch. 1023
, if, on July 1, 2024, the requirements for enforceability and perfection under 
2024 Iowa Acts, ch. 1023
, are satisfied without further action.
  2.  Continuing perfection: enforceability or perfection requirements not satisfied.  If a security interest is enforceable and perfected immediately before July 1, 2024, but the requirements for enforceability or perfection under 
2024 Iowa Acts, ch. 1023
, are not satisfied on July 1, 2024, the security interest:
  a.  is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before July 1, 2024, or July 1, 2025;
  b.  remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under section 554.9203, as amended by 
2024 Iowa Acts, ch. 1023
, before July 1, 2025; and
  c.  remains perfected thereafter only if the requirements for perfection under 
2024 Iowa Acts, ch. 1023
, are satisfied before the time specified in paragraph “a”.
2024 Acts, ch 1023, §128
Referred to in §554.15301
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