An officer who is referred to in section 12C.1 is not liable for loss of funds by reason of the insolvency of the depository institution when the funds have been deposited or invested as provided in this chapter.
[C27, § 1090-a20; C31, 35, § 7420-d8; C39, § 7420.08; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 453.8]
84 Acts, ch 1230, § 13
C93, § 12C.8
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