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Iowa Code § 10A.309

Interest in affected business

[S13, §2477-m39; C24, 27, 31, 35, 39, §1430; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §86.7] 2023 Acts, ch 19, §1463, 1477 2024 Acts, ch 1182, §2

The commissioner shall not be financially interested in any business enterprise coming under or affected by this subchapter while in office, and if the commissioner violates this statute, it shall be sufficient grounds for removal from office, and in such case the governor shall at once declare the office vacant and appoint another to fill the vacancy.

C2024, §10A.309

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.