Iowa Code 666.1 – Official bonds construed
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Terms Used In Iowa Code 666.1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
666.1 Official bonds construed.
The official bond of a public officer is to be construed as a security to the body politic or civil corporation of which the person is an officer, and to all the members thereof, severally, who are intended to be secured thereby.
[C51, §2145; R60, §3727; C73, §3368; C97, §4336; C24, 27, 31, 35, 39, §12552; C46, 50, 54,
58, 62, 66, 71, 73, 75, 77, 79, 81, §666.1]
Conditions of bond, §64.2
The official bond of a public officer is to be construed as a security to the body politic or civil corporation of which the person is an officer, and to all the members thereof, severally, who are intended to be secured thereby.
[C51, §2145; R60, §3727; C73, §3368; C97, §4336; C24, 27, 31, 35, 39, §12552; C46, 50, 54,
58, 62, 66, 71, 73, 75, 77, 79, 81, §666.1]
Conditions of bond, §64.2