322D.4 Franchiser failure to comply — civil penalty.
In the event that any franchiser fails to make payment to the franchisee or the franchisee’s heir or heirs as required by this chapter within sixty days after the inventory has been received by the franchiser, the franchiser is civilly liable for one hundred percent of the current net price of the inventory; transportation charges which have been paid by the franchisee; eighty-five percent of the current net price of repair parts; five percent of the current net price of repair parts to cover handling, packing and loading, if applicable; and attorney fees incurred by the franchisee or the franchisee’s heir or heirs.
84 Acts, ch 1087, §4; 85 Acts, ch 47, §9
Structure Iowa Code
Chapter 322D - FARM IMPLEMENT, MOTORCYCLE, AUTOCYCLE, SNOWMOBILE, AND ALL-TERRAIN VEHICLE FRANCHISES
Section 322D.2 - Franchisee’s rights to payment.
Section 322D.4 - Franchiser failure to comply — civil penalty.
Section 322D.5 - Death of a franchisee or majority stockholder.
Section 322D.6 - Security interests not affected.
Section 322D.7 - Application — farm implement franchise agreements.
Section 322D.8 - Application — motorcycle or autocycle franchise agreements.
Section 322D.9 - Application — all-terrain vehicles.
Section 322D.10 - Application — snowmobile franchise agreements.