263A.9 Investment in bonds or notes by financial institutions.
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 or notes 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, §263A.9]
2012 Acts, ch 1017, §70
Structure Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Chapter 263A - MEDICAL AND HOSPITAL BUILDINGS AT UNIVERSITY OF IOWA
Section 263A.2 - Authorization of general assembly and governor.
Section 263A.3 - Bonds or notes issued.
Section 263A.4 - Bonds or notes provisions.
Section 263A.5 - Resolution adopted — terms and conditions of bonds or notes.
Section 263A.6 - Rates, fees and charges for services.
Section 263A.7 - Accounts of all funds separate.
Section 263A.8 - No obligation of the state on bonds or notes.
Section 263A.9 - Investment in bonds or notes by financial institutions.
Section 263A.10 - Gifts, loans or grants accepted.
Section 263A.11 - Reports to general assembly.
Section 263A.12 - Provisions independent of any other statute.