DNR Form 542-0132 Corporate Surety Bond Covering the Purchase of Timber From Timber Growers by a Timber Buyer or Buyer's Agent - Iowa

What Is DNR Form 542-0132?

This is a legal form that was released by the Iowa Department of Natural Resources - a government authority operating within Iowa. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is DNR Form 542-0132?A: DNR Form 542-0132 is a Corporate Surety Bond that covers the purchase of timber from timber growers by a timber buyer or buyer's agent in Iowa.

Q: What does the DNR Form 542-0132 cover?A: DNR Form 542-0132 covers the purchase of timber from timber growers.

Q: Who needs to fill out DNR Form 542-0132?A: Timber buyers or buyer's agents in Iowa need to fill out DNR Form 542-0132.

Q: What is the purpose of the Corporate Surety Bond?A: The purpose of the Corporate Surety Bond is to provide a financial guarantee to timber growers that they will be paid for their timber.

Q: Is the Corporate Surety Bond required in Iowa?A: Yes, the Corporate Surety Bond is required for timber buyers or buyer's agents in Iowa.

Q: What happens if a timber buyer fails to pay the timber growers?A: If a timber buyer fails to pay the timber growers, the timber growers can make a claim against the Corporate Surety Bond to recover the unpaid amount.

Q: Can the timber grower pursue legal action against a timber buyer?A: Yes, the timber grower can pursue legal action against a timber buyer if the debt is not covered by the Corporate Surety Bond.

Q: Are there any other requirements for timber buyers in Iowa?A: Yes, timber buyers in Iowa may also need to obtain a timber buyer's license and comply with other regulations.

Q: Who should I contact for more information about DNR Form 542-0132?A: For more information about DNR Form 542-0132, you should contact the Iowa Department of Natural Resources (DNR).