Iowa Code § 390.20
Public bonds or obligations as suitable investments for governmental units, financial institutions, and fiduciaries
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2017
As of January 1, 2012
The following persons may legally invest any debt service funds, money, or other funds belonging to such person or within such person’s control in any public bonds or obligations issued pursuant to this subchapter:
The following persons may legally invest any debt service funds, money, or other funds belonging to such person or within such person’s control in any public bonds or obligations issued pursuant to this subchapter:
1. A bank, trust company, savings association, building and loan association, savings and loan association, or investment company.
1. A bank, trust company, savings association, or investment company.
2. An insurance company, insurance association, or any other person carrying on an insurance business.
2. An insurance company, insurance association, or any other person carrying on an insurance business.
3. An executor, administrator, conservator, trustee, or other fiduciary.
3. An executor, administrator, conservator, trustee, or other fiduciary.
4. Any other person authorized to invest in bonds or obligations of the state.
4. Any other person authorized to invest in bonds or obligations of the state.
CS2001, §476A.31
C2011, §390.20
Investment of public funds; §12B.10
Investment of public funds; §12B.10
Insurance companies; §511.8, 515.35
Insurance companies; §511.8, 515.35
Banks; §524.901
Banks; §524.901
Savings and loan associations; §534.213
Investments by fiduciaries; §636.23
Investments by fiduciaries; §636.23
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.