533.324 - LIABILITY FOR DESTRUCTION. - Iowa Statutes

533.324 LIABILITY FOR DESTRUCTION. 1. With the exception of certain account records which shall not be destroyed pursuant to section 533.322, liability shall not accrue against a state credit union for destroying records if the records were maintained for the minimum time provided for in this chapter. 2. In any cause or proceeding in which state credit union records or files may be called in question or be demanded of the state credit union, or any officer or employee of the state credit union, a showing that such records or files have been destroyed in accordance with the provisions of this chapter or rules adopted pursuant to this chapter shall be a sufficient excuse for the failure to produce them.          Section History: Recent Form 2007 Acts, ch 174, §55