Supreme Court of Iowa, 1987

Published opinions from 1987. The case name opens the case page.

1987 opinions

IowaMatter of Estate of Simpson

April 15, 1987403 N.W.2d 791

The court held that the relatedness rule applies to future-advances clauses in Article 9 security agreements. Because the loan evidenced by note eight was secured by real estate, did not refer to the prior security agreements, and differed materially from the other loans, it was not covered by the floating lien.