518A.11  Borrowing money.

In case the funds of any association are not sufficient to pay losses that have been reported or adjusted the association may borrow money for payment of losses until such time as it is practical to make an assessment or until the regular assessment period.

Section History: Early form

  [C24, 27, 31, 35, 39, § 9039; C46, 50, 54, 58, 62, § 518.11; C66, 71, 73, 75, 77, 79, 81, § 518A.11]


Previous Section 518A.10

Next Section 518A.12


Return To Home index


© 1999 Cornell College and League of Women Voters of Iowa


Comments about this site or page? webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Thu Mar 18 15:00:31 CST 1999
URL: /DOCS/IACODE/1999/518A/11.html
jhf