§ 203C.18 — Warehouse receipts — issuance, printing, and electronic filing

Iowa § 203C.18

• Jurisdiction: Iowa
• Title V: AGRICULTURE
• Ch. 203C: WAREHOUSES FOR AGRICULTURAL PRODUCTS

Text

1. For all agricultural products that become storage in a licensed warehouse, warehouse
receipts signed by the licensed warehouse operator or the operator’s authorized agent shall
be issued by the licensed warehouse operator. Such warehouse receipts shall be in the
form required or permitted by uniform commercial code, sections 554.7202 and 554.7204,
provided, however, that each receipt issued for agricultural products, in addition to the
matters specified in uniform commercial code, section 554.7202, shall embody in its written
or printed terms:
a. The receiving and loadout charges which will be made by the warehouse operator.
b. The grade or other class of the agricultural products received and the standard or
description in accordance with which such classification has been made; provided that
such grade or other class shall be stated according to the official standard of the United
States applicable to such agricultural products as the same may be fixed and promulgated;
provided, further, that until such official standards of the United States for any agricultural
product or products have been fixed and promulgated, the grade or other class thereof may
be stated in accordance with any recognized standard or in accordance with such rules and
regulations not inconsistent herewith as may be prescribed by the secretary of agriculture
of the United States.
c. A statement that the receipt is issued subject to this chapter.
d. Such other terms and conditions as may be required by rules of the department.
2. Warehouses that are not licensed pursuant to this chapter or by the United States
government shall not issue warehouse receipts for agricultural products.
3. A form for a warehouse receipt shall only be printed by a person approved by the
department. Aformforawarehousereceiptshallbeprintedinaccordancewithspecifications
set forth by the department. A warehouse operator shall surrender to the department all
forms for warehouse receipts that are unused at the time that the warehouse operator’s
license is suspended or ceases due to revocation, cancellation, or expiration. The warehouse
operator shall surrender the warehouse receipts in a manner required by the department.
4. The department may adopt rules to allow for the issuance of electronic warehouse
receipts by a provider who is a person approved by the department to maintain a secure
17 WAREHOUSES FOR AGRICULTURAL PRODUCTS, §203C.24
electronic central filing system of electronic records including warehouse receipts and who
is independent of an outside influence or bias in action or appearance.

Legislative History

[C24, 27, 31, §9736, 9737; C35, §9751-g17, 9751-g18; C39, §9751.17, 9751.18; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §543.18; 81 Acts, ch 180, §25]