The director shall administer the taxes imposed by this chapter. The director shall give a bond in an amount to be fixed by the governor, which has been issued by a surety company authorized to transact business in this state and approved by the insurance commissioner as to solvency and responsibility. The reasonable cost of said bond shall be paid by the state, out of the proceeds of the taxes collected under the provisions of this chapter.
Iowa Code § 422.67
Generally — bond — approval
Known as the Property Relief Act
The act spans §§ 422–422 (114 sections).
Applied in 1 court decision — leading case Emily M. Bass, on Behalf of Herself and All Others Similarly Situated v. J.C. Penney Company, Inc. (2016)
Most recently applied in Emily M. Bass, on Behalf of Herself and All Others Similarly Situated v. J.C. Penney Company, Inc. (June 2016)
[C35, §6943-f54; C39, §6943.091; C46, 50, 54, 58, 62, 66, §422.60; C71, 73, 75, 77, 79, 81, §422.67]
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.