2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 523I - IOWA CEMETERY ACT
523I.505 - COUNTY AUDITOR AS TRUSTEE.

        523I.505  COUNTY AUDITOR AS TRUSTEE.
         1.  In the absence of a trustee for care funds, unless otherwise
      provided by law, the care funds shall be placed in the hands of the
      county auditor, who shall provide a receipt for, loan, and make
      annual reports of the care funds.
         2.  The county auditor shall not be required to post a bond.
         3.  The county auditor shall serve without compensation, but may,
      out of the income received, pay all proper items of expense incurred
      in the performance of the auditor's duties as trustee, if any.
         4.  The county auditor shall make a full report of the trustee's
      actions and trust funds annually in January.  The net proceeds for
      care funds received by the county auditor as trustee shall be
      apportioned and credited to each of any separate care funds assigned
      to the auditor.
         5.  The county auditor shall turn over the accrued income from
      each care fund annually to the person having control of the cemetery.
      

         2005 Acts, ch 128, §45
         Referred to in § 331.502