House File 556 - Enrolled House File 556 AN ACT PROVIDING FOR THE TERMINATION OF DEALERSHIP AGREEMENTS INVOLVING AGRICULTURAL EQUIPMENT. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: Section 1. Section 322F.3, subsection 1, unnumbered paragraph 1, Code 2021, is amended to read as follows: If a dealership agreement is terminated by cancellation or nonrenewal by either the dealer or supplier , the supplier must repurchase equipment and parts in the dealer’s inventory and must repurchase special tools and computer hardware or software

House File 556, p. 2 required for the dealership. The repurchase is subject to the following conditions: ______________________________ PAT GRASSLEY Speaker of the House ______________________________ JAKE CHAPMAN President of the Senate I hereby certify that this bill originated in the House and is known as House File 556, Eighty-ninth General Assembly. ______________________________ MEGHAN NELSON Chief Clerk of the House Approved _______________, 2021 ______________________________ KIM REYNOLDS Governor