Iowa Code

Iowa Code § 384.88 (2026)

Sole remedy

✓ current as of July 2026

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The sole remedy for a breach or default of a term of a revenue bond or pledge order is a proceeding in law or in equity by suit, action or mandamus to enforce and compel performance of the duties required by this subchapter and of the terms of the resolution authorizing the issuance of the revenue bonds or pledge orders, or to obtain the appointment of a receiver to take possession of and operate the city utility, combined utility system, city enterprise, or combined city enterprise, and to perform the duties required by this subchapter and the terms of the resolution authorizing the issuance of the revenue bonds or pledge orders. [C58, 62, 66, 71, 73, §386B.10; C75, 77, 79, 81, §384.88] 2018 Acts, ch 1041, §127 Referred to in §26.9, 357A.11, 357E.11A, 389.4, 390.5

Notes of Decisions

Cited in 2 cases (1 in the last 5 years), 1975–2024 · leading case: Sampson v. City of Cedar Falls, 231 N.W.2d 609 (Iowa 1975).

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Sampson v. City of Cedar Falls, 231 N.W.2d 609 (Iowa 1975). · cites it 4× “84(1), and § 384.88 of the 1975 Code, and the joint agreement under them, violate the clauses in our constitution and the United States Constitution prohibiting laws impairing the obligation of contracts, § 21, article I, Iowa Constitution, and § 10, Article I, United States…”

Hunter Three Farms, LLC v. Richard Hunter, individually & as member of Hunter Three Farms, LLC (Iowa Ct. App. 2024). “, Iowa Code §§ 384.88 (“The sole remedy for a breach or default of a term of a revenue bond or pledge order is .”

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