§ 263A.9 — Investment in bonds or notes by financial institutions

Iowa § 263A.9

• Jurisdiction: Iowa
• Title VII: EDUCATION, HISTORY, AND CULTURE
• Ch. 263A: MEDICAL AND HOSPITAL BUILDINGS AT UNIVERSITY OF IOWA

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
or notes 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.

Legislative History

[C71, 73, 75, 77, 79, 81, §263A.9]