§ 421B.7 — Transactions permitted to meet lawful competition

Iowa § 421B.7

• Jurisdiction: Iowa
• Title X: FINANCIAL RESOURCES
• Ch. 421B: CIGARETTE SALES

Text

1. Anywholesalermayadvertise,offertosellorsellcigarettesatapricemadeingoodfaith
to meet the price of a competitor who is selling the same article at the cost to the competing
wholesaler as defined by this chapter. Any retailer may offer to sell or sell cigarettes at a
price made in good faith to meet the price of a competitor who is selling at the cost to the
said competing retailer as defined in this chapter. The price of cigarettes offered for sale, or
sold under the exceptions specified in section 421B.6 shall not be considered the price of a
competitor and shall not be used as a basis for establishing prices below cost, nor shall the
price established at a bankrupt or forced sale be considered the price of a competitor within
the purview of this section.
2. In the absence of proof of the actual cost to a competing wholesaler or to a competing
retailer, as the case may be, such cost shall be the lowest cost to wholesalers or the lowest
cost to retailers, as the case may be, within the same trading area as determined by a cost
survey made pursuant to section 421B.8, subsection 2.

Legislative History

[C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §551A.7]