# Iowa Code § 554.1301: Territorial applicability — parties’ power to choose applicable law

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1301

## Section

- **Citation:** Iowa Code § 554.1301
- **Heading:** Territorial applicability — parties’ power to choose applicable law
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 554 / Section 554.1301

## Text

(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:

(3) (a) Section 554.2402;

(3) (b) Section 554.4102;

(3) (c) Section 554.5116;

(3) (d) Section 554.8110;

(3) (e) Sections 554.9301 through 554.9307;

(3) (f) Section 554.12507;

(3) (g) Sections 554.13105 and 554.13106;

(3) (h) Section 554.14107.

[C66, 71, 73, 75, 77, 79, 81, §554.1105]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, 45CS2007, §554.13012024 Acts, ch 1023, §12, 13

## Nearby sections

- [Iowa Code § 554.1101 Short titles.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1101.md)
- [Iowa Code § 554.1102 Scope of Article.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1102.md)
- [Iowa Code § 554.1107 Section captions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1107.md)
- [Iowa Code § 554.1108 Relation to Electronic Signatures in Global and National Commerce Act.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1108.md)
- [Iowa Code § 554.1110 Rules for filing and indexing.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1110.md)
- [Iowa Code § 554.1201 General definitions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1201.md)
- [Iowa Code § 554.1204 Value.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1204.md)
- [Iowa Code § 554.1205 Reasonable time — seasonableness.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1205.md)
- [Iowa Code § 554.1206 Presumptions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1206.md)
- [Iowa Code § 554.1301 Territorial applicability — parties’ power to choose applicable law.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1301.md)
- [Iowa Code § 554.1302 Variation by agreement.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1302.md)
- [Iowa Code § 554.1303 Course of performance, course of dealing, and usage of trade.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1303.md)
- [Iowa Code § 554.1304 Obligation of good faith.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1304.md)
- [Iowa Code § 554.1305 Remedies to be liberally administered.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1305.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1301. Check the current official text before relying on it. Not legal advice.