Options for shares
Known as the Iowa Banking Act
The act spans §§ 524–524 (225 sections).
[C71, 73, 75, 77, 79, 81, §524.520] 2012 Acts, ch 1017, §13, 18
A state bank incorporated as a stock corporation may authorize the granting of options to officers and employees to purchase unissued shares of the state bank in accordance with a plan approved by the superintendent.
95 Acts, ch 148, §59
CS95, §524.545
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.