35D.12 - BANK ACCOUNT FOR MEMBERS' DEPOSITS.
35D.12 BANK ACCOUNT FOR MEMBERS' DEPOSITS.
1. The Iowa veterans home, for the convenience of its members,
may maintain a commercial account with a federally insured bank for
the individual personal deposits of its members. The account shall
be known as the Iowa veterans home membership account. The
commandant shall record each member's personal deposits individually
and shall deposit the funds in the membership account, where the
members' deposits shall be held in the aggregate.
2. The commandant, if authorized by a member of the home, and
pursuant to policies adopted by the commission, may make withdrawals
against that member's personal account to pay regular bills and other
expenses incurred by the member. The authorization may be given by
the member at any time and shall not be a condition of admission to
the home. Section History: Recent Form
84 Acts, ch 1277, § 12
C85, § 219.12
92 Acts, ch 1140, § 29
C93, § 35D.12