Iowa Code 12C.8 – Liability of public officers
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Terms Used In Iowa Code 12C.8
- Depository: means a bank or a credit union in which public funds are deposited under this chapter. See Iowa Code 12C.1
An officer who is referred to in section 12C.1 is not liable for loss of funds by reason of the insolvency of the depository institution when the funds have been deposited or invested as provided in this chapter.