Statutes, codes, and regulations
Iowa Administrative Code
Agency 721 - SECRETARY OF STATEDivision IV - CORPORATIONS
Chapter 45 - MECHANICS' NOTICE AND LIEN REGISTRY
Rule 721-45.9 - Action against general contractor or owner-builder to recover amount due

Iowa Admin. Code r. 721-45.9

Download
PDF
Current through Register Vol. 47, No. 5, September 4, 2024
Rule 721-45.9 - Action against general contractor or owner-builder to recover amount due
(1)Giving of a bond. The general contractor or owner-builder may post or submit a surety bond to the administrator for purposes of preventing exemplary damages under Iowa Code section 572.30. The bond shall be in an amount not less than the amount necessary to satisfy the nonpayment for which the notice has been given, and in a form set forth by Iowa Code section 572.30.
(2)Acceptance of a bond. The administrator shall accept a bond in an amount and form set forth by Iowa Code section 572.30.

Iowa Admin. Code r. 721-45.9

ARC 0464C, IAB 11/28/12, effective 1/2/2013