Terms Used In Iowa Code 230.17

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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
 The board of supervisors of the person‘s county of residence is hereby empowered to compromise any and all liabilities to the county created by this chapter, when compromise is deemed to be in the best interests of the county.