203C.18 - WAREHOUSE RECEIPTS -- ISSUANCE, PRINTING, AND ELECTRONIC FILING.
203C.18 WAREHOUSE RECEIPTS -- ISSUANCE, PRINTING, AND
ELECTRONIC FILING.
1. For all agricultural products that become storage in a
licensed warehouse, warehouse receipts signed by the licensed
warehouse operator or the operator's authorized agent shall be issued
by the licensed warehouse operator. Such warehouse receipts shall be
in the form required or permitted by uniform commercial code,
sections 554.7202 and 554.7204, provided, however, that each receipt
issued for agricultural products, in addition to the matters
specified in uniform commercial code, section 554.7202, shall embody
in its written or printed terms:
a. The receiving and loadout charges which will be made by
the warehouse operator.
b. The grade or other class of the agricultural products
received and the standard or description in accordance with which
such classification has been made; provided that such grade or other
class shall be stated according to the official standard of the
United States applicable to such agricultural products as the same
may be fixed and promulgated; provided, further, that until such
official standards of the United States for any agricultural product
or products have been fixed and promulgated, the grade or other class
thereof may be stated in accordance with any recognized standard or
in accordance with such rules and regulations not inconsistent
herewith as may be prescribed by the secretary of agriculture of the
United States.
c. A statement that the receipt is issued subject to the Iowa
warehouse Act and the rules and regulations prescribed pursuant to
this chapter.
d. Such other terms and conditions as may be required by
rules of the department.
2. Warehouses that are not licensed pursuant to this chapter or
by the United States government shall not issue warehouse receipts
for agricultural products.
3. Forms for warehouse receipts shall only be printed by a person
approved by the department. A form for a warehouse receipt shall be
printed in accordance with specifications set forth by the
department. A form for a warehouse receipt that is unused at the
time that a warehouse operator's license is canceled, suspended,
revoked, or terminated shall be surrendered to the department.
4. The department may adopt rules to allow for the issuance of
electronic warehouse receipts by a provider who is a person approved
by the department to maintain a secure electronic central filing
system of electronic records including warehouse receipts and who is
independent of an outside influence or bias in action or appearance.
Section History: Early Form
[C24, 27, 31, § 9736, 9737; C35, § 9751-g17, 9751-g18; C39, §
9751.17, 9751.18; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79,
81, § 543.18; 81 Acts, ch 180, § 25] Section History: Recent Form
86 Acts, ch 1152, § 28
C93, § 203C.18
2007 Acts, ch 30, §45, 46, 81; 2009 Acts, ch 133, §77
Referred to in § 203C.20 Footnotes
2007 amendment to this section applies to a document of title
issued or a bailment that arises on or after July 1, 2007; for law
governing a document of title issued or a bailment that arose prior
to July 1, 2007, see Code 2007; 2007 Acts, ch 30, §45, 46