Scope.

1. General scope of Article. Except as otherwise provided in subsections 3 and 4 , this Article applies to: a. a transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract; b. an agricultural lien; c. a sale of accounts, chattel paper, payment intangibles, or promissory notes; d. a consignment; e. a security interest arising under section 554.2401 , 554.2505 , 554.2711, subsection 3 , or section 554.13508, subsection 5 , as provided in section 554.9110 ; and f. a security interest arising under section 554.4210 or 554.5118 . 2. Security interest in secured obligation. The application of this Article to a security interest in a secured obligation is not affected by the fact that the obligation is itself secured by a transaction or interest to which this Article does not apply. 3. Extent to which Article does not apply. This Article does not apply to the extent that: a. a statute, regulation, or treaty of the United States preempts this Article ; b. another statute of this state expressly governs the creation, perfection, priority, or enforcement of a security interest created by this state or a governmental unit of this state; c. a statute of another state, a foreign country, or a governmental unit of another state or a foreign country, other than a statute generally applicable to security interests, expressly governs creation, perfection, priority, or enforcement of a security interest created by the state, country, or governmental unit; or d. the rights of a transferee beneficiary or nominated person under a letter of credit are independent and superior under section 554.5114 . 4. Inapplicability of Article. This Article does not apply to: a. a landlord’s lien, other than an agricultural lien; b. a lien, other than an agricultural lien, given by statute or other rule of law for services or materials, but section 554.9333 applies with respect to priority of the lien; c. an assignment of a claim for wages, salary, or other compensation of an employee; d. a sale of accounts, chattel paper, payment intangibles, or promissory notes as part of a sale of the business out of which they arose; e. an assignment of accounts, chattel paper, payment intangibles, or promissory notes which is for the purpose of collection only; f. an assignment of a right to payment under a contract to an assignee that is also obligated to perform under the contract; g. an assignment of a single account, payment intangible, or promissory note to an assignee in full or partial satisfaction of a preexisting indebtedness; h. a transfer of an interest in or an assignment of a claim under a policy of insurance, other than an assignment by or to a health care provider of a health care insurance receivable and any subsequent assignment of the right to payment, but sections 554.9315 and 554.9322 apply with respect to proceeds and priorities in proceeds; i. an assignment of a right represented by a judgment, other than a judgment taken on a right to payment that was collateral; j. a right of recoupment or setoff, but: (1) section 554.9340 applies with respect to the effectiveness of rights of recoupment or setoff against deposit accounts; and (2) section 554.9404 applies with respect to defenses or claims of an account debtor; k. the creation or transfer of an interest in or lien on real property, including a lease or rents thereunder, except to the extent that provision is made for: (1) liens on real property in sections 554.9203 and 554.9308 ; (2) fixtures in section 554.9334 ; (3) fixture filings in sections 554.9501 , 554.9502 , 554.9512 , 554.9516 , and 554.9519 ; and (4) security agreements covering personal and real property in section 554.9604 ; l. an assignment of a claim arising in tort, other than a commercial tort claim, but sections 554.9315 and 554.9322 apply with respect to proceeds and priorities in proceeds; m. an assignment of a deposit account in a consumer transaction, but sections 554.9315 and 554.9322 apply with respect to proceeds and priorities in proceeds; n. a transfer, other than a transfer pursuant to chapter 419 , by this state or a governmental unit within this state in connection with a public-finance transaction or a transaction that would be a public-finance transaction but for failure to meet the criterion set forth in section 554.9102, subsection 1 , paragraph “bu” , subparagraph (2); or o. an assignment of a claim or right to receive any of the following: (1) compensation for injuries or sickness as provided in 26 U.S.C. §104(a)(1) or (2). (2) benefits under a special needs trust as provided in 42 U.S.C. §1396p(d)(4). 2000 Acts, ch 1149, §9, 185, 187 ; 2002 Acts, ch 1119, §88 Referred to in §554.13303 , 579B.3