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Iowa Constitution Art. VIII, § 7. Specie basis

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If a state bank be established, it shall be founded on an actual specie basis, and the branches shall be mutually responsible for each other's liabilities upon all notes, bills, and other issues intended for circulation as money. 1

1 Sections 6 to 11 of Iowa Const., Art. 8 apply to banks of issue only.

Cite this article: FindLaw.com - Iowa Constitution Art. VIII, § 7. Specie basis - last updated January 01, 2020 | https://codes.findlaw.com/ia/iowa-constitution/ia-const-art-viii-sect-7/


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