99D.26 - FORFEITURE OF PROPERTY.
99D.26 FORFEITURE OF PROPERTY.
1. Anything of value, including all traceable proceeds including
but not limited to real and personal property, moneys, negotiable
instruments, securities, and conveyances are subject to forfeiture to
the state of Iowa if the item was used for any of the following:
a. In exchange for a bribe intended to affect the outcome of
a race.
b. In exchange for or to facilitate a violation of this
chapter.
2. All moneys, coin, and currency found in close proximity of
wagers, or of records of wagers are presumed forfeited. The burden
of proof is upon the claimant of the property to rebut this
presumption.
3. Subsections 1 and 2 do not apply if the act or omission which
would give rise to the forfeiture was committed or omitted without
the owner's knowledge or consent. Section History: Recent Form
83 Acts, ch 187, § 26