Iowa Code 633.87 – Deposit of money in banks
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 633.87
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Estate: means the real and personal property of either a decedent or a ward, and may also refer to the real and personal property of a trust described in section 633. See Iowa Code 633.3
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, a federally recognized Indian tribe, or any territory or insular possession subject to the jurisdiction of the United States. See Iowa Code 633.701
A fiduciary may deposit moneys and other assets belonging to the estate in any banking institution authorized to do business in the state of Iowa.