Iowa Code Title XIII. Commerce [Chs. 505-554D] § 524.1308A. Known claims against dissolved state bank

1. A dissolved state bank may dispose of the known claims against it pursuant to this section.

2. The dissolved state bank shall notify its known claimants in writing of the dissolution at any time after the effective date of the dissolution. The written notice must include all of the following:

3. A claim against the dissolved state bank is barred if either of the following occur:

4. For purposes of this section, “claim” does not include a contingent liability or a claim based upon an event occurring after the effective date of dissolution.

5. As used in this section, the term “notice” means as defined in section 490.141. The written notice required by subsection 2 may be given by any method of delivery that is permitted in section 490.141, and the notice is deemed to be delivered when the notice becomes effective pursuant to section 490.141, subsection 9.