Section 453C.1 – Definitions.

453C.1 Definitions. 1. “Adjusted for inflation” means increased in accordance with the formula for inflation adjustment set forth in exhibit “C” to the master settlement agreement. 2. “Affiliate” means a person who directly or indirectly owns or controls, is owned or controlled by, or is under common ownership or control with, another person. Solely for […]

Section 453C.2 – Requirements.

453C.2 Requirements. Any tobacco product manufacturer selling cigarettes to consumers within the state, whether directly or through a distributor, retailer, or similar intermediary or intermediaries, on or after May 20, 1999, shall do one of the following: 1. Become a participating manufacturer as that term is defined in section II(jj) of the master settlement agreement […]