Iowa § 322F.5A Transfer of dealership

Iowa Statutes

§ 322F.5A — Transfer of dealership

Iowa § 322F.5A

Title VIIITRANSPORTATION

Ch. 322FEQUIPMENT DEALERSHIP AGREEMENTS

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Bluebook

Iowa Code § 322F.5A (2026).

Text

1.If a supplier has contractual authority to approve or deny a request for a sale or transfer of a dealer’s business or an equity ownership interest in the business, the supplier shall approve or deny the request within sixty days after receiving a written request from the dealer. If the supplier has not approved or denied the request within the sixty-day period, the request shall be deemed approved. The dealer’s request shall include reasonable financial information, personal background information, character references, and work histories for each acquiring person.

2.If a supplier denies a request made pursuant to this section, the supplier shall provide the dealer with a written notice of the denial that states the reasons for the denial. A supplier may only deny a request based on th

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1. If a supplier has contractual authority to approve or deny a request for a sale or transfer
of a dealer’s business or an equity ownership interest in the business, the supplier shall
approve or deny the request within sixty days after receiving a written request from the
dealer. If the supplier has not approved or denied the request within the sixty-day period, the
request shall be deemed approved. The dealer’s request shall include reasonable financial
information, personal background information, character references, and work histories for
each acquiring person.
2. If a supplier denies a request made pursuant to this section, the supplier shall provide
the dealer with a written notice of the denial that states the reasons for the denial. A supplier
may only deny a request based on the failure of a proposed transferee to meet the reasonable
requirements consistently imposed by the supplier in determining whether to approve a
transfer or a new dealership.