222.87 Deposit in bank.
94 words·~1 min read·
/ia/chapter-222-persons-with-an-intellectual-disability/222-87·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The department shall deposit the patients’ personal deposit fund in a commercial account of a bank of reputable standing. When deposits in the commercial account exceed average monthly withdrawals, the department may deposit the excess at interest. The savings account shall be in the name of the patients’ personal deposit fund and interest paid on the account may be used for recreational purposes for the patients at the resource center.
[C66, 71, 73, 75, 77, 79, 81, §222.87]
2000 Acts, ch 1112, §51; 2023 Acts, ch 19, §440; 2024 Acts, ch 1161, §178, 180