Iowa Code § 12C.13
Deposit not membership
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2022
As of January 1, 2012
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.
Notwithstanding chapter 524, the deposit of public funds in a credit union as defined in section 533.102 or a mutual corporation as defined in section 524.103 does not constitute being a shareholder, stockholder, or owner of a corporation in violation of
of the Constitution of the State of Iowa or any other provision of law.
84 Acts, ch 1230, §17
84 Acts, ch 1230, §17
C85, §453.13
C85, §453.13
C93, §12C.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.