Negotiable paper — indemnity.

The garnishee shall not be made liable on a debt due by negotiable paper other than negotiable documents of title, or securities as defined in uniform commercial code, section 554.8102 , unless such paper is delivered, or the garnishee completely exonerated or indemnified from all liability thereon after the garnishee may have satisfied the judgment. [R60, §3211; C73, §2990; C97, §3950; C24, 27, 31, 35, 39, § 12173; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §642.17 ]