Iowa § 524.807 Payment of deposited funds

Iowa Statutes

§ 524.807 — Payment of deposited funds

Iowa § 524.807

Title XIIICOMMERCE

Ch. 524BANKS

This text of Iowa § 524.807 (Payment of deposited funds) 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 § 524.807 (2026).

Text

When any deposit shall be made by any individual in trust for another, and no other or
further notice of the existence and terms of a legal and valid trust shall have been given to
the state bank, in the event of the death of the trustee, the same or any part thereof, together
with interest thereon, may be paid to the individual for whom the deposit was made, or to
the individual’s legal representatives; provided that the individual for whom the deposit was
made, ifaminor, shallnotdrawthesameduringtheindividual’sminoritywithouttheconsent
of the legal representatives of said trustee.

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When any deposit shall be made by any individual in trust for another, and no other or
further notice of the existence and terms of a legal and valid trust shall have been given to
the state bank, in the event of the death of the trustee, the same or any part thereof, together
with interest thereon, may be paid to the individual for whom the deposit was made, or to
the individual’s legal representatives; provided that the individual for whom the deposit was
made, ifaminor, shallnotdrawthesameduringtheindividual’sminoritywithouttheconsent
of the legal representatives of said trustee.