Iowa Code § 257B.9
Cash or collateral security
Iowa · Iowa Code Chapter 257B — School Funds · Status: effective
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- Citation
- Iowa Code § 257B.9, Cash or collateral security, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2236029
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Full text
When, in the judgment of the board of supervisors, school lands held under section 257B.1A are of such a character that a sale upon partial credit would be unsafe or incompatible with the interest of the permanent school fund, and especially in the case of timbered lands, the board of supervisors may require the entire purchase money in advance; or if the board sells the land upon a partial credit, it shall require good collateral security for the payment of the part upon which credit is given.