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Iowa Code § 12C.13

Deposit not membership

Showing this section's text as in effect on January 1, 2012 (in force January 1, 2012 – January 1, 2014). View current text →

Notwithstanding chapter 534, the deposit of public funds in a credit union defined in section 533.102 or an association defined in section 534.102 does not constitute being a shareholder, stockholder, or owner of a corporation in violation of Article VIII of the Constitution of the State of Iowa or any other provision of law.

84 Acts, ch 1230, §17

C85, §453.13

C93, §12C.13

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