12C.15 - RESTRICTION ON REQUIRING COLLATERAL. - Iowa Statutes

12C.15 RESTRICTION ON REQUIRING COLLATERAL. 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.          Section History: Recent Form 84 Acts, ch 1230, § 19 C85, § 453.15 92 Acts, ch 1156, § 24 C93, § 12C.15 99 Acts, ch 117, § 6, 15