Iowa Code 633.422 – Secured claims not yet due
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Terms Used In Iowa Code 633.422
- security: includes , but is not limited to, a certificated security, an uncertificated security, and a security account. See Iowa Code 633D.2
When a creditor holds any security for a claim not yet due, the creditor may file the claim as a claim not yet due with the right of withdrawing the claim if the compromise offer is not satisfactory, and, after such withdrawal, rely entirely on the creditor’s security, or the creditor may elect to rely entirely on the creditor’s security without the necessity of filing a claim.