636.26 Security subject to court order. 1. When any investment is made pursuant to approval of the court as required by section 636.23 or made or held by and with the consent of the court as provided in section 636.25,such investment shall not be transferred and any security taken to secure such investmentshall not be discharged or impaired prior to payment or satisfaction thereof without anorder of the court to that effect, unless otherwise authorized by the will, trust agreement, orother document under which the fiduciary is acting. Nothing contained in this section shallbe construed as requiring the approval of any court to release or discharge of record anymortgage or other lien held by any fiduciary upon the payment or satisfaction thereof in full. 2. All releases or discharges of record of mortgages or other liens prior to July 4, 1951, by any fiduciary without an order of court where such order was required by section 682.26,Code 1950, are hereby declared to be valid and effective from the filing or recording thereofwithout such order of court being had and obtained, unless within six months after said datea statement is filed under oath by the claimant or on the claimant’s ve from the filing or recording thereofwithout such order of court being had and obtained, unless within six months after said datea statement is filed under oath by the claimant or on the claimant’s behalf if under disabilitywith the county recorder where such release or discharge was filed or recorded setting forththe claim upon which the invalidity of such release or discharge is based. Nothing containedin this section shall affect pending litigation. [C51, §2508; R60, §4116; C73, §252; C97, §365; C24, 27, 31, 35, 39, §12773; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §682.26] C93, §636.262016 Acts, ch 1073, §176See §633.95 Sat Dec 23 12:18:46 2023 Iowa Code 2024, Section 636.26 (22, 0)
Iowa Legal Code