Except as provided in this section, a financing statement filed to perfect an agricultural supply dealer lien shall be governed by chapter 554, article 9, part 5, in the same manner as any other financing statement.
 1. The lien becomes effective at the time that the farmer purchases the agricultural supply.

Terms Used In Iowa Code 570A.4

  • Agricultural supply: means an agricultural chemical, seed, feed, or a petroleum product that is used for an agricultural purpose. See Iowa Code 570A.1
  • dealer: means a person engaged in the retail sale of agricultural chemicals, seed, feed, or petroleum products used for an agricultural purpose. See Iowa Code 570A.1
  • Farmer: means a person engaged in a business which has an agricultural purpose. See Iowa Code 570A.1
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • lien: means the agricultural supply dealer lien created in section 570A. See Iowa Code 570A.1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
 2. In order to perfect the lien, the agricultural supply dealer must file a financing statement in the office of the secretary of state as provided in section 554.9308 within thirty-one days after the date that the farmer purchases the agricultural supply. The financing statement shall meet the requirements of section 554.9502, subsection 1, and include all applicable information described in section 554.9516. Filing a financing statement as provided in this subsection satisfies all requirements for perfection of an agricultural lien as provided in chapter 554, article 9.
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