642.17 Negotiable paper — indemnity.
79 words·~1 min read·
/ia/chapter-642-garnishment/642-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The garnishee shall not be made liable on a debt due by negotiable paper other than negotiable documents of title, or securities as defined in uniform commercial code, section 554.8102, unless such paper is delivered, or the garnishee completely exonerated or indemnified from all liability thereon after the garnishee may have satisfied the judgment.
[R60, §3211; C73, §2990; C97, §3950; C24, 27, 31, 35, 39, §12173; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §642.17]