203.19 - COOPERATIVE AGREEMENTS.
203.19 COOPERATIVE AGREEMENTS.
1. Notwithstanding the other provisions of this chapter, the
department may enter into cooperative agreements with other states
for the purpose of making available to those states the information
acquired under the bonding, licensing, and examination procedures of
this chapter.
2. a. If a cooperative agreement is in effect under this
section, the indemnification requirements of this chapter may be
satisfied by filing with the department evidence of a bond or an
irrevocable letter of credit on file with a state or of participation
in an indemnity fund in a state with which Iowa has a cooperative
agreement as provided for by this section.
b. (1) Indemnification proceeds shall be copayable to the
state of Iowa for the benefit of sellers of grain under this chapter.
(2) Indemnification proceeds required by this chapter may be made
copayable to any state with whom this state has entered into
contracts or agreements as authorized by this section, for the
benefit of sellers of grain in that state. Section History: Early Form
[81 Acts, ch 180, § 16] Section History: Recent Form
C83, § 542.19
86 Acts, ch 1152, § 11
C93, § 203.19
2009 Acts, ch 41, §263