Iowa Code § 202.2
Production contracts governed by this chapter
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2013
As of January 1, 2012
1. This chapter applies to a production contract that relates to the production of a commodity owned by an active contractor and produced by a contract producer at the contract producer’s contract operation, if one of the following applies:
1. This chapter applies to a production contract that relates to the production of a commodity owned by an active contractor and produced by a contract producer at the contract producer’s contract operation, if one of the following applies:
a. The contract is executed by an active contractor and a contract producer for the production of the commodity.
a. The contract is executed by an active contractor and a contract producer for the production of the commodity.
b. The contract is executed by an active contractor and a passive contractor for the provision of management services to the contract producer in the production of the commodity.
b. The contract is executed by an active contractor and a passive contractor for the provision of management services to the contract producer in the production of the commodity.
c. The contract is executed by a passive contractor and a contract producer, if all of the following apply:
c. The contract is executed by a passive contractor and a contract producer, if all of the following apply:
(1) The contract provides for management services furnished by the passive contractor to the contract producer in the production of the commodity.
(1) The contract provides for management services furnished by the passive contractor to the contract producer in the production of the commodity.
(2) The passive contractor has a contractual relationship with the active contractor involving the production of the commodity.
(2) The passive contractor has a contractual relationship with the active contractor involving the production of the commodity.
2. A production contract is executed when it is signed or orally agreed to by each party or by a person who is authorized by a party to act on the party’s behalf.
2. A production contract is executed when it is signed or orally agreed to by each party or by a person who is authorized by a party to act on the party’s behalf.
99 Acts, ch 169, §3, 22 – 24
99 Acts, ch 169, §3, 22 – 24
Referred to in
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.