Restriction on requiring collateral.

  1. Law
  2. Iowa Code
  3. STATE SOVEREIGNTY AND MANAGEMENT
  4. DEPOSIT OF PUBLIC FUNDS
  5. Restriction on requiring collateral.

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12C.15 Restriction on requiring collateral.

A local government shall not require a pledge of collateral for that portion of the local government’s deposits in a credit union that is covered by insurance of a federal agency or instrumentality.

84 Acts, ch 1230, §19

C85, §453.15

92 Acts, ch 1156, §24

C93, §12C.15

99 Acts, ch 117, §6, 15


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