HF 2171 (LSB 5057HV (5) 87)

RELATING TO STOPPING PAYMENT ON A NEGOTIABLE INSTRUMENT  BY USING AN ELECTRONIC RECORD IN LIEU OF A WRITING. 

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 554.4403, Code 2018, is amended by adding the following new subsection:
   NEW SUBSECTION.  2A.  In addition to a stop-payment order made or renewed in writing as described in subsection 2, an equivalent stop-payment order may also be made or renewed as part of a record that is stored in an electronic medium, 

and submitted to the bank, which may include delivery via electronic transmission. 

______________________________
LINDA UPMEYER

Speaker of the House

______________________________
CHARLES SCHNEIDER

President of the Senate

   I hereby certify that this bill originated in the House and is known as House File 2171, Eighty-seventh General Assembly.

______________________________
CARMINE BOAL

Chief Clerk of the House

Approved _______________, 2018

______________________________
KIM REYNOLDS

Governor