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Iowa Code § 524.1805

Restrictions on acquisitions and mergers

Known as the Iowa Banking Act

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

Applied in 2 court decisions — leading case Northeast Bancorp, Inc. v. Board of Governors of the Federal Reserve System (1985)

Most recently applied in Northeast Bancorp, Inc. v. Board of Governors of the Federal Reserve System (June 1985)

[C73, 75, 77, 79, 81, §524.1805]

An out-of-state bank or out-of-state bank holding company that is organized under laws other than those of this state is subject to and shall comply with the provisions of chapter 490, subchapter XV, relating to foreign corporations, and shall immediately provide the superintendent of banking with a copy of each filing submitted to the secretary of state under chapter 490, subchapter XV.

96 Acts, ch 1056, §19; 97 Acts, ch 50, §2; 2007 Acts, ch 88, §17; 2012 Acts, ch 1017, §120; 2016 Acts, ch 1011, §103; 2019 Acts, ch 24, §104; 2022 Acts, ch 1062, §143

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