Text: HF00485 Text: HF00487 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 172A.2, Code 1999, is amended to read 1 2 as follows: 1 3 172A.2 LICENSE REQUIRED. 1 4 1.NoA person shall not act as a dealer or broker without 1 5 first being licensed.NoA person shall not act foranya 1 6 dealer or broker as an agent unlesssuchall of the following 1 7 apply: 1 8 a. The dealer or broker is licensed, has designated such. 1 9 b. The dealer or broker designates the agent to act in the 1 10 dealer's or broker's behalf, and has notified. 1 11 c. The dealer or broker notifies the secretary of the 1 12 designation of the agent in the dealer's or broker's 1 13 application for license orhas givenprovides official notice 1 14 in writing of the appointment of the agentandto the 1 15 secretaryhas issued to the agent. 1 16 d. The secretary issues the person an agent's license. 1 17 2. A dealer or broker shall be accountable and responsible 1 18 for contracts made by an agent in the course of the agent's 1 19 employment. 1 20 3. The license of an agent whose employment by the dealer 1 21 or broker is terminated shall be void on the date written 1 22 notice of termination is received by the secretary. The 1 23 license of a dealer, broker, or agent, unless revoked, shall 1 24 expire on the last day of June following the date of issue. 1 25 4. The annual fee for the license of a dealer or broker is 1 26fiftyone thousand dollars. The annual fee for an agent's 1 27 license is ten dollars. 1 28 5.NoThe secretary shall not issue a license to a person 1 29may be issued a license if that personunder this chapter who 1 30 previously has had a license revoked,orpreviously was issued1 31a license and the secretarysuspendedthat license, unless the 1 32order of suspension orrevocation or suspension isthereafter1 33 terminated by the secretary. 1 34 EXPLANATION 1 35 This bill amends Code section 172A.2, which provides that 2 1 packers (referred to as dealers or brokers) and agents must be 2 2 licensed by the secretary of agriculture. The annual license 2 3 fee required for dealers and brokers is $50. The bill 2 4 increases the fee to $1,000. The bill also amends provisions 2 5 in the section to enhance its readability. A person who acts 2 6 as a dealer or broker without a license as required in Code 2 7 chapter 172B is guilty of a serious misdemeanor. 2 8 LSB 2715HH 78 2 9 da/cf/24
Text: HF00485 Text: HF00487 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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