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Iowa Code § 524.105

Effect on existing banks

Known as the Iowa Banking Act

The act spans §§ 524–524 (225 sections).

[C71, 73, 75, 77, 79, 81, §524.105]

1. The corporate existence of a state bank existing and operating on July 1, 1995, is not affected by the amendment of this chapter.

2. All state banks are subject to the provisions and requirements of this chapter in every particular, and all national banks, out-of-state banks, and federal savings associations, now or hereafter doing business in this state, are subject to the provisions of this chapter, to the extent applicable, from July 1, 2021.

95 Acts, ch 148, §5; 2022 Acts, ch 1062, §8

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