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Iowa Code § 524.911

Letters of credit

Iowa · Iowa Code Chapter 524 — Banks · Status: effective

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Iowa Code § 524.911, Letters of credit, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2269404
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A state bank shall have the power to issue, advise, and confirm letters of credit authorizing a beneficiary thereof to draw on or demand payment of the state bank or its correspondent banks.