Feedback

701.08 Transfer of Inactive Account Funds

701.08            

TRANSFER OF INACTIVE ACCOUNT FUNDS

When the necessity for maintaining any account has ceased to exist, and a balance remains in that account, the Board of Directors, at its annual meeting in July, shall so declare by resolution and upon such declaration shall transfer the balance to the fund or funds designated by the Board.

LEGAL REF:            Iowa Code Sections 24.12, 24.22

Approved:          4/9/90            Reviewed:          10/27/14          Revised: ____________

Print Friendly, PDF & Email
Stay informed Click here to sign up for email updates from MCSD, or subscribe to our RSS feed.
If you are having trouble accessing any portion of this website or its content please contact this number for assistance - 563-263-7223.