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Iowa Code § 524.1801

Definitions

Known as the Iowa Banking Act

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

Applied in 2 court decisions — leading case Iowa Independent Bankers v. Board of Governors of Federal Reserve System (1975)

Most recently applied in Northwest Investment Corp. v. Wallace (July 2007)

[C73, 75, 77, 79, 81, §524.1801]

As used in this subchapter unless the context otherwise requires:

1. “Bank holding company” means bank holding company as defined in 12 U.S.C. §1841(a), and also includes a company that would become a bank holding company upon completion of an acquisition.

2. “Company” means company as defined in 12 U.S.C. §1841(b).

3. “Control” means control as provided in 12 U.S.C. §1841(a).

4. “Location” means, for purposes of determining where a bank or bank holding company is located, the following:

a. A bank is located in the state in which its principal place of business or main office is physically located.

b. A bank holding company is located in the state which is its home state as determined under 12 U.S.C. §1841(o)(4).

5. “Out-of-state bank holding company” means out-of-state bank holding company as defined in 12 U.S.C. §1841(o).

96 Acts, ch 1056, §17; 2022 Acts, ch 1062, §141

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