Iowa Code 512B.21 – Investments
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Terms Used In Iowa Code 512B.21
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
512B.21 Investments.
A society shall invest the society’s funds only as authorized by the laws of this state for the investment of assets of life insurers and subject to the same limitations. A foreign or alien society permitted or seeking to do business in this state which invests its funds in accordance with the laws of the state or nation in which the foreign or alien society is incorporated, shall be held to meet the requirements of this section for the investment of funds.
90 Acts, ch 1148, §22; 2023 Acts, ch 36, §7
Referred to in §512B.21A
Section amended
A society shall invest the society’s funds only as authorized by the laws of this state for the investment of assets of life insurers and subject to the same limitations. A foreign or alien society permitted or seeking to do business in this state which invests its funds in accordance with the laws of the state or nation in which the foreign or alien society is incorporated, shall be held to meet the requirements of this section for the investment of funds.
90 Acts, ch 1148, §22; 2023 Acts, ch 36, §7
Referred to in §512B.21A
Section amended