A director shall not be related by consanguinity or affinity within the third degree to any person employed by a state credit union in a senior management position. For purposes of this section, “senior management position” includes a state credit union’s chief executive officer, president, or manager; assistant chief executive officer, assistant president, vice president, or assistant manager; or chief financial officer or treasurer.
Iowa Code § 533.209A
Prohibited relationships
Known as the Iowa Credit Union Act
The act spans §§ 533–533 (83 sections).
2014 Acts, ch 1011, §1
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.