2009 Iowa Code
Title 13 - Commerce
Subtitle 5 - Regulation of Commercial Enterprises
CHAPTER 554 - UNIFORM COMMERCIAL CODE
554.1301 - TERRITORIAL APPLICABILITY -- PARTIES' POWER TO CHOOSE APPLICABLE LAW.

        554.1301  TERRITORIAL APPLICABILITY -- PARTIES' POWER
      TO CHOOSE APPLICABLE LAW.
         1.  Except as otherwise provided in this section, when a
      transaction bears a reasonable relation to this state and also to
      another state or nation the parties may agree that the law either of
      this state or of such other state or nation shall govern their rights
      and duties.
         2.  In the absence of an agreement effective under subsection 1,
      and except as provided in subsection 3, this chapter applies to
      transactions bearing an appropriate relation to this state.
         3.  If one of the following provisions of this chapter specifies
      the applicable law, that provision governs and a contrary agreement
      is effective only to the extent permitted by the law so specified:
         a.  Section 554.2402;
         b.  Section 554.4102;
         c.  Section 554.5116;
         d.  Section 554.8110;
         e.  Sections 554.9301 through 554.9307;
         f.  Section 554.12507;
         g.  Sections 554.13105 and 554.13106.  

         Section Hisy: Early Form

         [C66, 71, 73, 75, 77, 79, 81, § 554.1105] 

         Section History: Recent Form

         92 Acts, ch 1146, § 39; 94 Acts, ch 1052, §2; 94 Acts, ch 1121,
      §3; 96 Acts, ch 1026, § 19; 96 Acts, ch 1138, § 5, 84; 2000 Acts, ch
      1149, §137, 187; 2007 Acts, ch 41, §5, 45
         CS2007, § 554.1301