HF 556 — A bill for an act providing for the termination of dealership agreements involving agricultural equipment. (Formerly HSB 181.) Effective date: 07/01/2021.

KHouse iFile m556 R- eEnrolled yHouse nFile o556 lAN dACT sPROVIDING OFOR fTHE fTERMINATION iOF cDEALERSHIP eAGREEMENTS oINVOLVING fAGRICULTURAL tEQUIPMENT. h e G o v e r n o r A d a m G r e g g G O V E R N O R L T G O V E R N O R April30,2021 T h e Honorable Paul Pate SecretaryofStateofIowa StateCapitol Des Moines,Iowa 50319 DearMr.Secretary, Iherebytransmit;

HouseFile556,anActprovidingfortheterminationofdealershipagreementsinvolvingBE agriculmralequipment.IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

TheaboveHouseFileisherebyapprovedonthisdate.Section 1.

Sincerely,Section Kim322F.3, Reynoldssubsection Governor1, ofunnumbered Iowaparagraph cc:1, Code 2021, is amended to read as follows:

SecretaryoftheSenateIf Clerka ofdealership agreement is terminated by cancellation or nonrenewal by either the Housedealer STATEor CAPITOLsupplier DES, MOINES,the Isupplier Omust Wrepurchase Aequipment 50319and 515.281.5211parts FAXin 515.725.35WWW.GOVERNOR.IOWA.GOVthe iMiimiimidealer’s Ginventory Eand Nmust Erepurchase Rspecial Atools 1and .computer hardware or software House File 556, p.

A S S E M B L Y H o u s e F i l e 5 5 6 A N A C T P R O V I D I N G F O R T H E T E R M I N A T I O N O F D E A L E R S H I P A G R E E M E N T S INVOLVING AGRICDLTDRAL EQUIPMENT.

B E I T E N A C T E D B Y T H E G E N E R A L A S S E M B L Y O F T H E S T A T E O F I O W A :

Section 1 .

Section 322F.3f 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.

The repurchase is subject to the following condition^conditions: P A G R A S S L E Y T A KC H A P M A N Speaker of the ^ u s e P r e s i d et h S e n a t e I hereby certify that this bill originated in the House and is known as House File 556, Eighty-ninth General Assembly.

M^^AN______________________________ NELSON______________________________ ChiefPAT ClepkGRASSLEY JAKE CHAPMAN Speaker of the House ApPresident rovedof Athe pirlSenate ,I 2hereby 0certify 2that 1this KIMbill REYNOLDSoriginated Gin othe vHouse eand ris nknown oas rHouse File 556, Eighty-ninth General Assembly.

______________________________ MEGHAN NELSON Chief Clerk of the House Approved _______________, 2021 ______________________________ KIM REYNOLDS Governor