Iowa § 554.7206 Termination of storage at warehouse’s option

Iowa Statutes

§ 554.7206 — Termination of storage at warehouse’s option

Iowa § 554.7206

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.7206 (Termination of storage at warehouse’s option) 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 § 554.7206 (2026).

Text

1.A warehouse, by giving notice to the person on whose account the goods are held and anyotherpersonknowntoclaimaninterestinthegoods,mayrequirepaymentofanycharges andremovalofthegoodsfromthewarehouseattheterminationoftheperiodofstoragefixed by the document of title or, if a period is not fixed, within a stated period not less than thirty days after the warehouse gives notice. If the goods are not removed before the date specified in the notice, the warehouse may sell them pursuant to section 554.7210.

2.If a warehouse in good faith believes that goods are about to deteriorate or decline in value to less than the amount of its lien within the time provided in subsection 1 and section 554.7210, the warehouse may specify in the notice given under subsection 1 any reasonable shorter time for

Free access — add to your briefcase to read the full text and ask questions with AI

1. A warehouse, by giving notice to the person on whose account the goods are held and
anyotherpersonknowntoclaimaninterestinthegoods,mayrequirepaymentofanycharges
andremovalofthegoodsfromthewarehouseattheterminationoftheperiodofstoragefixed
by the document of title or, if a period is not fixed, within a stated period not less than thirty
days after the warehouse gives notice. If the goods are not removed before the date specified
in the notice, the warehouse may sell them pursuant to section 554.7210.
2. If a warehouse in good faith believes that goods are about to deteriorate or decline in
value to less than the amount of its lien within the time provided in subsection 1 and section
554.7210, the warehouse may specify in the notice given under subsection 1 any reasonable
shorter time for removal of the goods and, if the goods are not removed, may sell them at
public sale held not less than one week after a single advertisement or posting.
3. If, as a result of a quality or condition of the goods of which the warehouse did not
have notice at the time of deposit, the goods are a hazard to other property, the warehouse
facilities, or other persons, the warehouse may sell the goods at public or private sale without
advertisement or posting on reasonable notification to all persons known to claim an interest
in the goods. If the warehouse, after a reasonable effort, is unable to sell the goods, it may
disposeoftheminanylawfulmanneranddoesnotincurliabilitybyreasonofthatdisposition.
4. A warehouse shall deliver the goods to any person entitled to them under this Article
upon due demand made at any time before sale or other disposition under this section.
5. A warehouse may satisfy its lien from the proceeds of any sale or disposition under
this section but shall hold the balance for delivery on the demand of any person to which the
warehouse would have been bound to deliver the goods.

Legislative History

[S13, §3138-a34; C24, 27, 31, §9694; C35, §9694, 9751-g21; C39, §9694, 9751.21; C46, 50, 54, 58, 62, §542.34, 543.23; C66, 71, 73, 75, 77, 79, 81, §554.7206]