Iowa § 260C.64 Who may invest

Iowa Statutes

§ 260C.64 — Who may invest

Iowa § 260C.64

Title VIIEDUCATION, HISTORY, AND CULTURE

Ch. 260CCOMMUNITY COLLEGES

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Bluebook

Iowa Code § 260C.64 (2026).

Text

All banks, trust companies, building and loan associations, savings associations,
investment companies, and other persons carrying on an investment business, all insurance
companies, insurance associations, and other persons carrying on an insurance business,
and all executors, administrators, guardians, trustees, and other fiduciaries may legally
invest any sinking funds, moneys or other funds belonging to them or within their control
in any bonds or notes issued pursuant to this subchapter. However, this section shall not be
§260C.64, COMMUNITY COLLEGES 36
construed as relieving any persons from any duty of exercising reasonable care in selecting
securities for purchase or investment.

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All banks, trust companies, building and loan associations, savings associations,
investment companies, and other persons carrying on an investment business, all insurance
companies, insurance associations, and other persons carrying on an insurance business,
and all executors, administrators, guardians, trustees, and other fiduciaries may legally
invest any sinking funds, moneys or other funds belonging to them or within their control
in any bonds or notes issued pursuant to this subchapter. However, this section shall not be
§260C.64, COMMUNITY COLLEGES 36
construed as relieving any persons from any duty of exercising reasonable care in selecting
securities for purchase or investment.