Iowa Code § 524.313
Bylaws
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2024
As of January 1, 2012
A state bank may adopt bylaws. The power to adopt, amend, or repeal bylaws or adopt new bylaws is vested in the board of directors unless reserved to the shareholders by the articles of incorporation. The bylaws may contain any provisions for the regulation and management of the affairs of the state bank not inconsistent with law or the articles of incorporation. For a state bank organized as a limited liability company under this chapter, “bylaws” means the operating agreement of the state bank.
A state bank may adopt bylaws. The power to adopt, amend, or repeal bylaws or adopt new bylaws is vested in the board of directors unless reserved to the shareholders by the articles of incorporation. The bylaws of a state bank may contain any provisions for the regulation and management of the affairs of the state bank not inconsistent with law or the articles of incorporation.
95 Acts, ch 148, §33; 2004 Acts, ch 1141, §60
95 Acts, ch 148, §33; 2004 Acts, ch 1141, §60; 2022 Acts, ch 1062, §37
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.