Iowa Admin. Code r. 781-3.9

Current through Register Vol. 47, No. 8, October 30, 2024

Rule 781-3.9 - Sale or merger of a savings and loan

The responsibility of a savings and loan to secure uninsured public deposits shall not be altered by any merger, takeover or acquisition, except to the extent that such duty is assumed by the successor entity. A savings and loan shall immediately notify the public unit in writing of its merger, takeover or acquisition by a successor entity.