Iowa Code 626.48 – Failure to make statement — effect
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Terms Used In Iowa Code 626.48
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- security: includes , but is not limited to, a certificated security, an uncertificated security, and a security account. See Iowa Code 633D.2
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.
A failure to make the statement, when required as above provided, shall have the effect to postpone the priority of the security interest and give the levy of the writ of attachment or execution priority over the claim of the holder thereof.