Iowa § 12C.20 - 12C.20 Public funds reports.
Full text of Iowa Iowa Code § 12C.20 — 12C.20 Public funds reports., with citation guidance and answers to common questions.
§ 12C.20. 12C.20 Public funds reports.
1. On or before the tenth day of February, May, August, and November of each year, each out-of-state bank that has one or more branches in the state shall calculate and certify to the superintendent of banking in the form prescribed by the superintendent the amount of public funds on deposit at each such branch of the out-of-state bank as of the end of the previous calendar quarter. 2. A bank shall, upon request of the superintendent, certify to the superintendent the amount of public funds on deposit at the bank and at each branch of an out-of-state bank on any day specified by the superintendent in such request. 3. The superintendent may at any time make such investigation as the superintendent deems necessary and appropriate to verify the information provided to the superintendent pursuant to subsections 1 and 2. 4. On or before the twentieth day of February, May, August, and November of each year, the superintendent shall notify the treasurer of state of the amount of collateral required to be pledged as of the end of the previous calendar quarter based upon the certification provided to the superintendent under subsection 1 or 2 and a review by the superintendent of the quarterly call report filed by each bank that is not an out-of-state bank. 2002 Acts, ch 1096, §7, 17; 2012 Acts, ch 1017, §38 Wed Dec 10 21:59:01 2025 Iowa Code 2026, Section 12C.20 (21, 1)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 12C.20
What does Iowa Code § 12C.20 cover?
Section 12C.20 ("12C.20 Public funds reports.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 12C.20?
A common citation format is "Iowa Code § 12C.20" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 12C.20 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.