Payee.

Iowa Code § 636.2, under SURETIES — FIDUCIARIES — TRUSTS — INVESTMENTS.

Iowa Code § 636.2

Such security, when not otherwise directed, may, if for the benefit of individuals, be given to the party intended to be secured thereby; if in relation to the public matters concerning the inhabitants of one county or part of a county, it may be made payable to the county; if concerning the inhabitants of more than one county, it may be made payable to the state, but a mere mistake in these respects will not vitiate the security. [C51, §2506; R60, §4114; C73, §247; C97, §356; C24, 27, 31, 35, 39, § 12752; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §682.2 ] C93, §636.2 Obligees of bond, see §633.181