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Code · Iowa · Chapter 524 — Banks

524.911 Letters of credit.

40 words·~1 min read·/ia/chapter-524-banks/524-911

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A state bank shall have the power to issue, advise, and confirm letters of credit authorizing a beneficiary thereof to draw on or demand payment of the state bank or its correspondent banks.
[C71, 73, 75, 77, 79, 81, §524.911]
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