Iowa § 573.4 Deposit in lieu of bond

Iowa Statutes

§ 573.4 — Deposit in lieu of bond

Iowa § 573.4

Title XIVPROPERTY

Ch. 573LABOR AND MATERIAL ON PUBLIC IMPROVEMENTS

This text of Iowa § 573.4 (Deposit in lieu of bond) 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 § 573.4 (2026).

Text

A deposit of money, a certified check on a solvent bank of the county in which the
improvement is to be located, a credit union certified share draft, state or federal bonds,
bonds issued by a city, school corporation, or county of this state, or bonds issued on behalf
of a drainage or highway paving district of this state may be received in an amount equal to
the amount of the bond and held in lieu of a surety on the bond, and when so received the
securities shall be held on the terms and conditions applicable to a surety.

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A deposit of money, a certified check on a solvent bank of the county in which the
improvement is to be located, a credit union certified share draft, state or federal bonds,
bonds issued by a city, school corporation, or county of this state, or bonds issued on behalf
of a drainage or highway paving district of this state may be received in an amount equal to
the amount of the bond and held in lieu of a surety on the bond, and when so received the
securities shall be held on the terms and conditions applicable to a surety.