Bill Text: IA HF556 | 2021-2022 | 89th General Assembly | Enrolled
Bill Title: A bill for an act providing for the termination of dealership agreements involving agricultural equipment. (Formerly HSB 181.) Effective date: 07/01/2021.
Sponsorship: Committee Bill
Status: (Passed) 2021-04-30 - Signed by Governor. H.J. 1038. [HF556 Detail]
Download: Iowa-2021-HF556-Enrolled.html
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
