Iowa § 523H.11 Repurchase of assets

Iowa Statutes

§ 523H.11 — Repurchase of assets

Iowa § 523H.11

Title XIIICOMMERCE

Ch. 523HFRANCHISES

This text of Iowa § 523H.11 (Repurchase of assets) 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 § 523H.11 (2026).

Text

A franchisor shall not prohibit a franchisee from, or enforce a prohibition against a
franchisee, engaging in any lawful business at any location after a termination or refusal
to renew by a franchisor, unless it is one which relies on a substantially similar marketing
program as the terminated or nonrenewed franchise or unless the franchisor offers in
writing no later than ten business days before expiration of the franchise to purchase the
assets of the franchised business for its fair market value as a going concern. The value
of the assets shall not include the goodwill of the business attributable to the trademark
licensed to the franchisee in the franchise agreement. The offer may be conditioned upon
the ascertainment of a fair market value by an impartial appraiser. This section doe

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A franchisor shall not prohibit a franchisee from, or enforce a prohibition against a
franchisee, engaging in any lawful business at any location after a termination or refusal
to renew by a franchisor, unless it is one which relies on a substantially similar marketing
program as the terminated or nonrenewed franchise or unless the franchisor offers in
writing no later than ten business days before expiration of the franchise to purchase the
assets of the franchised business for its fair market value as a going concern. The value
of the assets shall not include the goodwill of the business attributable to the trademark
licensed to the franchisee in the franchise agreement. The offer may be conditioned upon
the ascertainment of a fair market value by an impartial appraiser. This section does not
apply to assets of the franchised business which the franchisee did not purchase from the
franchisor, or the agent of the franchisor.