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House File 556 - EnrolledAn Actproviding 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
required for the dealership. The repurchase is subject to the
following conditions:
______________________________
PAT GRASSLEYSpeaker of the House______________________________
JAKE CHAPMANPresident 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 NELSONChief Clerk of the HouseApproved _______________, 2021______________________________
KIM REYNOLDSGovernorda/ns
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
required for the dealership. The repurchase is subject to the
following conditions:
______________________________
PAT GRASSLEYSpeaker of the House______________________________
JAKE CHAPMANPresident 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 NELSONChief Clerk of the HouseApproved _______________, 2021______________________________
KIM REYNOLDSGovernorda/ns