261A.20 - OBLIGATIONS AS LEGAL INVESTMENTS. - Iowa Statutes

261A.20 OBLIGATIONS AS LEGAL INVESTMENTS. Banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking or investment business, insurance companies and insurance associations, and executors, administrators, guardians, trustees, and other fiduciaries may legally invest sinking funds, moneys, or other funds belonging to them or within their control in obligations of the authority.          Section History: Early Form [82 Acts, ch 1031, § 20] Referred to in § 261A.24