Iowa Code 524.1509 – Reverse stock split
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Terms Used In Iowa Code 524.1509
- 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.
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
524.1509 Reverse stock split.
A state bank may effect a reverse stock split or similar change in capital structure by
renewal, amendment, or restatement of existing articles of incorporation, provided the requirements of the superintendent are satisfied.
95 Acts, ch 148, §132
A state bank may effect a reverse stock split or similar change in capital structure by
renewal, amendment, or restatement of existing articles of incorporation, provided the requirements of the superintendent are satisfied.
95 Acts, ch 148, §132