Iowa. Statutory Language

Iowa Statute 18-33
IOWA CODE §§ 553.1 to 553.18
§ 553.1 Short title
This chapter shall be known and may be cited as the “Iowa Competition Law.”
§ 553.2 Construction
This chapter shall be construed to complement and be harmonized with the
applied laws of the United States which have the same or similar purpose as this
chapter. This construction shall not be made in such a way as to constitute a
delegation of state authority to the federal government, but shall be made to achieve
uniform application of the state and federal laws prohibiting restraints of economic
activity and monopolistic practices.
§ 553.3. Definitions
As used in this chapter unless the context otherwise requires:
1. “Commodity” means tangible or intangible property, real, personal, or
2. “Enterprise” means a business, commercial or professional entity,
including a corporation, partnership, limited partnership, professional corporation,
proprietorship, incorporated or unincorporated association, or other form of
3. “Government agency” means the state, its political subdivisions, and any
public agency supported in whole or in part by taxation.
4. “Person” means a natural person, estate, trust, enterprise or government
5. “Price” includes the terms and conditions of sale, rental, rate, fee, or any
other form of payment for a commodity or service.
6. “Relevant market” means the geographical area of actual or potential
competition in a line of commerce, all or any part of which is within this state.
7. “Service” means any activity which is performed in whole or part for
financial gain.
8. “Trade or commerce” means any economic activity involving or relating
to any commodity, service, or business activity.
§ 553.4. Restraint prohibited
A contract, combination, or conspiracy between two or more persons shall not
restrain or monopolize trade or commerce in a relevant market.

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