Whenever the superintendent determines that an emergency affecting one or more state-chartered banks or bank offices exists, or is impending, in this state or in any part or parts of this state, the superintendent may temporarily suspend applicable rules or statutes to the extent necessary to allow the affected bank or banks to respond to the emergency.
Iowa Code § 524.229
Emergency powers of superintendent
Known as the Iowa Banking Act
The act spans §§ 524–524 (225 sections).
2008 Acts, ch 1160, §6
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.