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Code · Iowa · Chapter 554 — Uniform Commercial Code

554.1205 Reasonable time — seasonableness.

84 words·~1 min read·/ia/chapter-554-uniform-commercial-code/554-1205

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. Whether a time for taking an action required by this chapter is reasonable depends on the nature, purpose, and circumstances of the action.
2. An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.
[S13, §3060-a193; C24, 27, 31, 35, 39, §9654, 9972; C46, 50, 54, 58, 62, §541.194, 554.44; C66, 71, 73, 75, 77, 79, 81, §554.1204]
2007 Acts, ch 41, §15, 52
CS2007, §554.1205
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