633.99 Federal stock — authority to purchase. When the court shall enter an order authorizing the fiduciary to execute a mortgage to encumber any property of the estate to secure a loan obtained from any association orcorporation created, or which may be created, by authority of the United States and as aninstrumentality of the United States, the court may authorize the fiduciary to purchase stockin an association or corporation, when such a purchase of stock is necessary or required asan incident to, or condition of, obtaining the loan, and to mortgage the estate property forsuch purpose, as well as to make payment for the stock so purchased from the proceeds ofthe loan so obtained. [C35, §11951-g1; C39, §11951.1; C46, 50, 54, 58, 62, §635.41; C66, 71, 73, 75, 77, 79, 81, §633.99] Sat Dec 23 11:23:29 2023 Iowa Code 2024, Section 633.99 (35, 0)
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