Iowa Code § 524.545
Options for shares
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2022
As of January 1, 2012
A state bank 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.
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
95 Acts, ch 148, §59
CS 95, §524.545
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.