Iowa Administrative Rules (Last Updated: December 07, 2016) |
Department 21. Agriculture and Land Stewardship Department |
Chapter 94. CLAIMS AGAINST THE GRAIN DEPOSITORS AND SELLERS INDEMNITY FUND |
Section 21.94.4. Time limitations.
Latest version.
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A claim against the fund may be made for a covered transaction when either of the following incurrence dates occurs:
1. The expiration, revocation or cancellation of the license of a grain dealer or warehouse operator; or
2. The filing of a petition in bankruptcy by a grain dealer or warehouse operator.
A claim shall be filed within a claim period that begins on an incurrence date and ends 120 days after that incurrence date. A claim is not timely unless it is postmarked or delivered within 120 days after the incurrence.
[ARC 9388B, IAB 2/23/11, effective 3/30/11]