Iowa · statute · Iowa Code ch. 203D · 10 active provisions
As used in this chapter, unless the context otherwise requires: 1. “Board” means the Iowa grain indemnity fund board created in section 203D.4. 2. “Credit-sale contract” means the same as defined in section 203.1. 3. “Deferred-payment contract” means the same as defined in section 203.1. 4. “Deferred-pricing contract”…
All licensed grain dealers and licensed warehouse operators shall participate in the fund.
1. The grain depositors and sellers indemnity fund is created in the state treasury as a separate account. The general fund of the state is not liable for claims presented against the fund under sections 203D.6 and 203D.6A. 2. The fund consists of all of the following: a. Participation fees paid to the department by li…
The department shall collect indemnity fees, including participation fees and per-bushel fees as provided in this section, if imposed by the board pursuant to section 203D.5, at rates determined by the board as provided in that section. A licensee shall remit indemnity fees and forms to the department as required by th…
1. The Iowa grain indemnity fund board is established to advise the department on matters relating to the fund and to perform the duties provided it in this chapter. The board is composed of the secretary of agriculture or a designee who shall serve as president; the state treasurer or a designee who shall serve as tre…
1. The board shall annually review the debits of and credits to the grain depositors and sellers indemnity fund created in section 203D.3 and shall determine whether to impose the indemnity fees as provided in section 203D.3A, make adjustments to the indemnity fees effective on the previous September 1, or waive the in…
The board may enforce a lien attached to assets held by a licensee under chapter 203 or 203C. The lien shall be perfected and enforced pursuant to section 203.12A or 203C.12A.
1Person who may file a claim. a. A depositor or seller may file a claim with the department for the indemnification of dollar value losses from the grain depositors and sellers indemnity fund. A claim shall be filed by a depositor or seller in the manner prescribed by rules adopted by the department. b. The department…
1. A separate process is established to provide for the fund’s indemnification of a repayment claim that includes a repayment loss incurred by a seller against a grain dealer, if the grain dealer is a debtor in bankruptcy under the protections provided in Tit. 11 of the United States Code. a. A repayment claim that inc…
This chapter does not imply any guarantee or obligation on the part of the state of Iowa, or any of its agencies, employees, or officials, either elective or appointive, in respect of any agreement or undertaking to which this chapter relates.