Checks drawn on a state bank shall be cleared at par by the state bank on which they are drawn. This section shall not be applicable where checks are received by a state bank as special collection items.
Iowa Code § 524.819
Clearing checks at par
Known as the Iowa Banking Act
The act spans §§ 524–524 (225 sections).
[C46, 50, 54, 58, 62, 66, §528.63; C71, 73, 75, 77, 79, 81, §524.819] 2022 Acts, ch 1062, §78
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.