Public-domain · open source
OpenJurist

Iowa Code § 573.3

Bond mandatory

Showing this section's text as in effect on January 1, 2012 (in force January 1, 2012 – January 1, 2019). View current text →

The obligation of the public corporation to require, and the contractor to execute and deliver said bond, shall not be limited or avoided by contract.

A public corporation, with respect to a public improvement which is or has been competitively bid or negotiated, shall not require a contractor to procure a bond, as required under section 573.2, from a particular insurance or surety company, agent, or broker.

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