House Journal: Page 1322: Monday, April 23, 2001
47 section 523A.801 to the extent the commissioner
48 delegates functions to the deputy administrator.
49 7. "Common business enterprise" means a group of
50 two or more business entities that share common
Page 2
1 ownership in excess of fifty percent.
2 8. "Credit sale" means a sale of goods, services,
3 or an interest in land in which all of the following
4 are applicable:
5 a. Credit is granted either under a seller credit
6 card or by a seller who regularly engages as a seller
7 in credit transactions of the same kind.
8 b. The buyer is a person other than an
9 organization.
10 c. The goods, services, or interest in land are
11 purchased primarily for a personal, family, or
12 household purpose.
13 d. Either the debt is payable in installments or a
14 finance charge is made.
15 e. For goods and services, the amount financed
16 does not exceed twenty-five thousand dollars.
17 9. "Delivery" occurs when:
18 a. The cemetery merchandise, funeral merchandise,
19 or the title document establishing an easement for
20 burial rights is physically delivered to the purchaser
21 or installed, except that burial of any item at the
22 site of its ultimate use shall not constitute delivery
23 for purposes of this chapter.
24 b. If authorized by a purchaser under a purchase
25 agreement, cemetery merchandise has been permanently
26 identified with the name of the purchaser or the
27 beneficiary and delivered to a bonded warehouse or
28 storage facility approved by the commissioner and both
29 title to the merchandise and a warehouse receipt have
30 been delivered to the purchaser or beneficiary and a
31 copy of the warehouse receipt has been delivered to
32 the establishment for retention in its files.
33 c. If authorized by a purchaser under a purchase
34 agreement, a polystyrene or polypropylene outer burial
35 container has been permanently identified with the
36 name of the purchaser or the beneficiary and delivered
37 to a bonded warehouse or storage facility approved by
38 the commissioner and both title to the merchandise and
39 a warehouse receipt have been delivered to the
40 purchaser or beneficiary and a copy of the warehouse
41 receipt has been delivered to the establishment for
42 retention in its files.
43 10. "Doing business in this state" means issuing
44 or performing wholly or in part any term of a purchase
45 agreement executed within the state of Iowa.
© 2001 Cornell College and
League of Women Voters of Iowa
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