Iowa Code 524.105 – Effect on existing banks
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1. The corporate existence of a state bank existing and operating on July 1, 1995, is not affected by the amendment of this chapter.
Terms Used In Iowa Code 524.105
- 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.
- Bank: means a corporation organized under this chapter, a national bank, a federal savings association, or an out-of-state bank. See Iowa Code 524.103
- 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
2. All state banks are subject to the provisions and requirements of this chapter in every particular, and all national banks, out-of-state banks, and federal savings associations, now or hereafter doing business in this state, are subject to the provisions of this chapter, to the extent applicable, from July 1, 2021.