Iowa Code 507C.7 – Bonds
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Terms Used In Iowa Code 507C.7
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
507C.7 Bonds.
In a proceeding under this chapter, the commissioner and the commissioner’s deputies
shall be responsible on their official bonds for the faithful performance of their duties. If the court deems it desirable for the protection of the assets, it may require an additional bond from the commissioner or the commissioner’s deputies. The bonds shall be paid for out of the assets of the insurer as a cost of administration.
84 Acts, ch 1175, §7
In a proceeding under this chapter, the commissioner and the commissioner’s deputies
shall be responsible on their official bonds for the faithful performance of their duties. If the court deems it desirable for the protection of the assets, it may require an additional bond from the commissioner or the commissioner’s deputies. The bonds shall be paid for out of the assets of the insurer as a cost of administration.
84 Acts, ch 1175, §7