262A.11 Bonds as security for investments.
All banks, trust companies, bankers, savings associations, investment companies, and other persons carrying on a banking or investment business, all insurance companies, insurance associations, and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds belonging to them or within their control in any bonds issued pursuant to this chapter; provided, however, that nothing contained in this section may be construed as relieving any persons from any duty of exercising reasonable care in selecting securities for purchase or investment.
[C71, 73, 75, 77, 79, 81, §262A.11]
2012 Acts, ch 1017, §69
Structure Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Chapter 262A - UNIVERSITY BUILDINGS, FACILITIES, AND SERVICES — REVENUE BONDS
Section 262A.1 - Declaration of insufficient state revenue.
Section 262A.3 - Five-year program and two-year bond proposal submitted each year.
Section 262A.4 - Authorization of general assembly and governor.
Section 262A.5 - Borrowing money and issuing bonds.
Section 262A.6 - Form and condition of bonds.
Section 262A.6A - Iowa college super savings plan.
Section 262A.7 - Resolution of board and covenants undertaken.
Section 262A.8 - Student fees to pay bonds.
Section 262A.9 - Bond fund account.
Section 262A.10 - Bonds not state obligation.
Section 262A.11 - Bonds as security for investments.
Section 262A.12 - Application for gifts, loans, or grants.