Iowa Statutes § 74.7 Endorsement of interest
Statute Text
When an obligation which legally draws interest is paid, the treasurer shall endorse upon it the date of payment, and the amount of interest paid. The treasurer shall enter into the records maintained under section
74.3
or
331.554
, subsection 5, paragraph
"b"
as applicable, the date of payment and the amount of interest paid.
History
C51, §153; R60, §361; C73, §328; C97, §484, 660; C24, 27, 31, §5161, 5646, 5648, 7496; C35, §1171-f7; C39, § 1171.17 ; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 74.7 ; 82 Acts, ch 1048, §4