498.20  Financial power.

Every association may borrow money necessary for the conduct of its business, and may issue notes, bonds, or debentures therefor, and may give security in the form of mortgage or otherwise for the repayment thereof.

Section History: Early form

  [C24, 27, 31, 35, 39, § 8504; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 498.20]


Previous Section 498.19

Next Section 498.21


Return To Home index


© 2004 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 Jan 15 10:49:41 CST 2004
URL: /DOCS/IACODE/2003SUPPLEMENT/498/20.html
jhf