Iowa § 262A.11 Bonds as security for investments

Iowa Statutes

§ 262A.11 — Bonds as security for investments

Iowa § 262A.11

Title VIIEDUCATION, HISTORY, AND CULTURE

Ch. 262AUNIVERSITY BUILDINGS, FACILITIES, AND SERVICES — REVENUE BONDS

This text of Iowa § 262A.11 (Bonds as security for investments) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 262A.11 (2026).

Text

All banks, trust companies, bankers, savings associations, investment companies, and
other persons carrying on a banking or 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
issued pursuant to this chapter; provided, however, that nothing contained in this section
may be 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, bankers, savings associations, investment companies, and
other persons carrying on a banking or 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
issued pursuant to this chapter; provided, however, that nothing contained in this section
may be construed as relieving any persons from any duty of exercising reasonable care in
selecting securities for purchase or investment.