Iowa Code § 636.47

Deposit and joint control agreements
Open in Lexace · Ask the AI about this section
Itshall be lawful forany party of whom a bond, undertaking or other obligation isrequired, to agree with the party’s surety or sureties for the deposit of any or all moneys and assets for which the party and the party’s surety or sureties are or may be held responsible, with a bank, savings bank, safe-deposit or trust company, authorized by law to do business as such, or with other depository approved by the court ifsuch deposit isotherwise proper, for §636.47, SURETIES — FIDUCIARIES — TRUSTS — INVESTMENTS 12 the safekeeping thereof, and in such manner as to prevent the withdrawal of such money or assets or any part thereof, without the written consent of such surety or sureties, or an order of court made on such notice to such surety or sureties as such court may direct; provided, however, that such agreement shall not in any manner release from or change the liabilityof the principal or sureties as established by the terms of the said bond. C93, §636.47

‹ Prev All Iowa sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.