{"data":{"id":"us-ia/iowa-code-322f.5a","jurisdiction":"us-ia","citation":"Iowa Code § 322F.5A","heading":"Transfer of dealership.","body":"1. If a supplier has contractual authority to approve or deny a request for a sale or transfer of a dealer’s business or an equity ownership interest in the business, the supplier shall approve or deny the request within sixty days after receiving a written request from the dealer. If the supplier has not approved or denied the request within the sixty-day period, the request shall be deemed approved. The dealer’s request shall include reasonable financial information, personal background information, character references, and work histories for each acquiring person.\n2. If a supplier denies a request made pursuant to this section, the supplier shall provide the dealer with a written notice of the denial that states the reasons for the denial. A supplier may only deny a request based on the failure of a proposed transferee to meet the reasonable requirements consistently imposed by the supplier in determining whether to approve a transfer or a new dealership.","path":["Title VIII - TRANSPORTATION (Ch. 306 - 330B)","Chapter 322F - EQUIPMENT DEALERSHIP AGREEMENTS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/322F.5A.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:08Z","sha256":"821ea8627d3e26ebab46e76cf32c3d6d77d9069e39fb1905e9ab85dd1b10ea73","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-322f.5","next":"us-ia/iowa-code-322f.6"},"notice":"GroundRules: Original legal text. Not legal advice."}