1. a. A packer shall post a purchase notice which includes information relating to the purchase of livestock as required by the department. The information contained in the purchase notice shall include a summary of information required to be filed in purchase reports as provided in section 202A.2.

 b. This section does not require that information contained in a purchase notice include future plans, events, or transactions unless provided for by contract.

Terms Used In Iowa Code 202A.3

  • Contract: A legal written agreement that becomes binding when signed.
  • Delivery: means the transfer of title to and possession of grain by a seller to a grain dealer or to another person in accordance with the agreement of the seller and the grain dealer. See Iowa Code 203.8
  • Department: means the department of agriculture and land stewardship. See Iowa Code 202A.1
  • Livestock: means live cattle, swine, or sheep. See Iowa Code 202A.1
  • packer: includes an agent of the packer engaged in buying or soliciting livestock for slaughter on behalf of a packer. See Iowa Code 202A.1
  • person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
 2. The information contained in the purchase notice shall appear in a format that can be understood by a reasonable person familiar with selling livestock. The notice shall be posted in a conspicuous place at the point of delivery in a manner prescribed by the department.
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