Iowa § 554.7204 Duty of care — contractual limitation of warehouse’s liability

Iowa Statutes

§ 554.7204 — Duty of care — contractual limitation of warehouse’s liability

Iowa § 554.7204

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.7204 (Duty of care — contractual limitation of warehouse’s liability) 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 § 554.7204 (2026).

Text

1.A warehouse is liable for damages for loss of or injury to the goods caused by its failure to exercise care with regard to the goods that a reasonably careful person would exercise under similar circumstances. Unless otherwise agreed, the warehouse is not liable for damages that could not have been avoided by the exercise of that care.

2.Damages may be limited by a term in the warehouse receipt or storage agreement limiting the amount of liability in case of loss or damage beyond which the warehouse is not liable. Such a limitation is not effective with respect to the warehouse’s liability for conversion to its own use. On request of the bailor in a record at the time of signing the storage agreement or within a reasonable time after receipt of the warehouse receipt, the warehouse’s li

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1. A warehouse is liable for damages for loss of or injury to the goods caused by its
failure to exercise care with regard to the goods that a reasonably careful person would
exercise under similar circumstances. Unless otherwise agreed, the warehouse is not liable
for damages that could not have been avoided by the exercise of that care.
2. Damages may be limited by a term in the warehouse receipt or storage agreement
limiting the amount of liability in case of loss or damage beyond which the warehouse is
not liable. Such a limitation is not effective with respect to the warehouse’s liability for
conversion to its own use. On request of the bailor in a record at the time of signing the
storage agreement or within a reasonable time after receipt of the warehouse receipt, the
warehouse’s liability may be increased on part or all of the goods covered by the storage
agreement or the warehouse receipt. In this event, increased rates may be charged based on
an increased valuation of the goods.
3. Reasonableprovisionsastothetimeandmannerofpresentingclaimsandcommencing
actionsbasedonthebailmentmaybeincludedinthewarehousereceiptorstorageagreement.
4. This section does not modify or repeal any provision under chapter 203, 203C, or 203D.

Legislative History

[S13, §3138-a3, -a21, -a24; C24, 27, 31, 35, 39, §9663, 9681, 9684; C46, 50, 54, 58, 62, §542.3, 542.21, 542.24; C66, 71, 73, 75, 77, 79, 81, §554.7204]