533.506 - LIMITATION OF ACTIONS. - Iowa Statutes

533.506 LIMITATION OF ACTIONS. 1. All causes of action against a state credit union based upon a claim or claims inconsistent with an entry or entries in a state credit union record or ledger, made in the regular course of business, shall be deemed to have accrued, and shall accrue, one year after the date of such entry or entries. 2. An action founded upon such a cause shall not be brought after the expiration of ten years from the date of such accrual.          Section History: Recent Form 2007 Acts, ch 174, §73