7D.9 - COMPROMISE OF CLAIMS. - Iowa Statutes

7D.9 COMPROMISE OF CLAIMS. The executive council, on a written report to it by the attorney general together with the attorney general's opinion as to the legal effect of the facts, may determine by resolution to be duly entered in its official records, the terms on which claims of doubtful equity or collectibility, and in favor of the state, may be compromised and settled with all or any of the parties thereto. Such terms may be withdrawn prior to acceptance, or in case the debtor fails to comply therewith within a reasonable time. The attorney general shall have full authority to execute all papers necessary to effect any such settlement.          Section History: Early Form [S13, § 170-h; C24, 27, 31, 35, 39, § 288; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 19.9]          Section History: Recent Form C93, § 7D.9 Referred to in § 123.37, 421.5