202B.202 - COMPLIANCE REQUIREMENTS.
202B.202 COMPLIANCE REQUIREMENTS.
1. A cooperative association which is a party to a contract for
the care and feeding of swine in compliance with section 9H.2{ prior
to May 9, 2003, and which is in violation of section 9H.2,{ as
amended by 2003 Iowa Acts, ch 115, shall have until June 30, 2007, to
comply with section 9H.2,{ as amended by 2003 Iowa Acts, ch 115.
Notwithstanding any provision of this section, a cooperative
association shall not take an action on or after May 9, 2003, that
would be in violation of section 9H.2,{ as amended by 2003 Iowa Acts,
ch 115.
2. A processor that was in compliance with section 9H.2,{ Code
2001, prior to January 1, 2002, and which is in violation of section
9H.2,{ as amended by 2002 Acts, chapter 1095, shall have until June
30, 2006, to comply with section 9H.2,{ as amended by 2002 Acts,
chapter 1095.
3. Notwithstanding any provision of this section,{ a processor
shall not take an action on or after January 1, 2002, that would be
in violation of section 9H.2,{ as amended by 2002 Acts, chapter 1095.
4. The two-year period that a person who holds an executive
position in a processor or owes a processor a fiduciary duty and thus
is deemed to be a processor as provided in section 202B.102,
subsection 10, paragraph "b", shall not apply if the person held
the position or owed the duty on January 1, 2002, and relinquishes
the position or duty on or before June 30, 2006. Section History: Recent Form
2002 Acts, ch 1095, §5, 10--12
C2003, §9H.2A
2003 Acts, ch 115, §6--9, 16, 19
CS2003, §202B.202
Referred to in § 202B.201 Footnotes
{Former subsection 5 of this section transferred from §9H.2,
subsection 4, with unnumbered paragraph 1 and subsections 1--3 of
§9H.2 transferred to §202B.101 and 202B.201 respectively in Code
Supplement 2003, pursuant to directive in 2003 Acts, ch 115, §16, 19