Iowa Code § 12C.13
Deposit not membership
Redline — January 1, 2016 → current.View current text →
Current — January 1, 2022
As of January 1, 2016
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 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
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.