Iowa Code 12C.15 – Restriction on requiring collateral
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 12C.15
- Credit union: means a cooperative, nonprofit association incorporated under chapter 533 or the federal Credit Union Act, 12 U. See Iowa Code 12C.1
A local government shall not require a pledge of collateral for that portion of the local government’s deposits in a credit union that is covered by insurance of a federal agency or instrumentality.