554B.1 Definitions. As used in this chapter “transmitting utility” has the same meaning as defined in the Uniform Commercial Code, section 554.9102, subsection 1. Security interests filed pursuant to this chapter prior to January 1, 1975, which have not been terminated, are deemed to be filed in accordance with section 554.9501, subsection 2. [C66, 71, […]
554B.2 Security interest. A security interest in rolling stock of a transmitting utility may be perfected either as provided in the Uniform Commercial Code, chapter 554, or as provided in the ICC Termination Act of 1995, 49 U.S.C. §701, 11301. [C66, 71, 73, 75, 77, 79, 81, §555.2] C93, §554B.2 2010 Acts, ch 1061, §74
554B.3 Recording mortgage or deed of trust upon real estate. Any mortgage or deed of trust upon real estate executed by a transmitting utility may provide that property of the transmitting utility, whether owned at the time of the execution of the instrument or subsequently acquired, shall secure the obligations covered by the instrument. Recording […]
554B.4 Recording memorandum of mortgage or deed of trust. If a mortgage or deed of trust upon real estate is executed by a transmitting utility and the real estate described in the instrument is situated in more than one county, the recording requirement of section 554B.3 establishing constructive notice is satisfied by either of the […]
