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Iowa Code § 12C.15

Restriction on requiring collateral

Iowa · Iowa Code Chapter 12C — Deposit of Public Funds · Status: effective

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Iowa Code § 12C.15, Restriction on requiring collateral, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2216486
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A local government shall not require a pledge of collateral for that portion of the local government’s deposits in a credit union that is covered by insurance of a federal agency or instrumentality.