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Iowa Code § 556.6

Property of business associations and banking or financial organizations held in course of dissolution

Known as the Uniform Disposition of Unclaimed Property Act

The act spans §§ 556–556 (37 sections).

[C71, 73, 75, 77, 79, 81, §556.6]

Except as provided in section 490.1440, all intangible personal property distributable in the course of a voluntary dissolution of a business association, banking organization, or financial organization organized under the laws of or created in this state, that is unclaimed by the owner within one year after the date for final distribution, is presumed abandoned.

84 Acts, ch 1295, §10; 90 Acts, ch 1205, §59

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.