Iowa Code 508B.12 – Amendments — withdrawal
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Terms Used In Iowa Code 508B.12
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
508B.12 Amendments — withdrawal.
At any time before the conversion, if done pursuant to rules issued by the commissioner
or as may otherwise be required by the commissioner, the board of directors of a mutual company may amend the conversion plan. An amendment to a conversion plan is subject to the prior approval of the commissioner. The board of directors of a mutual company may withdraw the plan of conversion at any time prior to the conversion.
85 Acts, ch 127, §12; 99 Acts, ch 165, §4
At any time before the conversion, if done pursuant to rules issued by the commissioner
or as may otherwise be required by the commissioner, the board of directors of a mutual company may amend the conversion plan. An amendment to a conversion plan is subject to the prior approval of the commissioner. The board of directors of a mutual company may withdraw the plan of conversion at any time prior to the conversion.
85 Acts, ch 127, §12; 99 Acts, ch 165, §4