Iowa Code § 524.524

Current through bills signed by governor as of 5/17/2024

Section 524.524 - Consideration for shares

Except in the case of a distribution of shares authorized by section 524.543 or shares issued upon exchanges or conversion, common or preferred shares of a state bank may be issued only for cash in an amount not less than that approved by the superintendent.

Iowa Code § 524.524

Amended by 2022 Iowa, ch 1062, s 43, eff. 7/1/2022.

C97, §1853; C24, 27, 31, 35, 39, §9192; C46, 50, 54, 58, 62, 66, § 526.36; C71, 73, 75, 77, 79, 81, § 524.503 95 Acts, ch 148, §41CS 95, § 524.524