Iowa Statutes
§ 322F.5 — Death or incapacity of dealer
Iowa § 322F.5
This text of Iowa § 322F.5 (Death or incapacity of dealer) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 322F.5 (2026).
Text
Ifadealerorapersonholdingamajorityinterestinabusinessentityoperatingadealership
dies or is incapacitated, the rights under this chapter may be exercised as an option by the
heirs at law if the dealer or majority interest holder died intestate, or by the executor under
the terms of the dealer’s or majority interest holder’s will. If the heirs or the executor do not
exercise this option within twelve months from the date of death of the dealer or majority
interest holder, the supplier must repurchase the equipment as if the supplier had terminated
the dealership agreement pursuant to section 322F.3. However, this section does not entitle
an heir, executor, administrator, legatee, or devisee of a deceased dealer or majority interest
holder to continue to operate the dealership without the con
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Nearby Sections
10
§ 322F.1
Definitions§ 322F.2
Notice of termination§ 322F.4
Security interests not affected§ 322F.5
Death or incapacity of dealer§ 322F.5A
Transfer of dealership§ 322F.7
Violations§ 322F.8
Supplier liability§ 322F.9
ApplicabilityCite This Page — Counsel Stack
Bluebook (online)
Iowa § 322F.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/322F.5.