Iowa Code § 524.524
Consideration for shares
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2024
As of January 1, 2012
Except in the case of a distribution of shares authorized by section 524.543 or shares issued upon exchanges or conversion, common or preferred shares of a state bank may be issued only for cash in an amount not less than that determined by the superintendent.
Except in the case of a distribution of shares authorized by section 524.543 or shares issued upon exchanges or conversion, common or preferred shares of a state bank may be issued only for cash in an amount not less than that approved by the superintendent.
95 Acts, ch 148, §41
95 Acts, ch 148, §41
CS 95, §524.524
CS95, §524.524
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.