Iowa Code 524.1801 – Definitions
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As used in this subchapter unless the context otherwise requires:
1. “Bank holding company” means bank holding company as defined in 12 U.S.C. § 1841(a), and also includes a company that would become a bank holding company upon completion of an acquisition.
Terms Used In Iowa Code 524.1801
- 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
- Control: means when a person, directly or indirectly or acting through or together with one or more persons, satisfies any of the following:a. See Iowa Code 524.103
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Out-of-state bank: means a corporation, other than a credit union, industrial bank, or trust company, that is authorized by the laws of another state to solicit, receive, or accept money or its equivalent for deposit or to otherwise engage in the business of banking. 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. “Company” means company as defined in 12 U.S.C. § 1841(b).3. “Control” means control as provided in 12 U.S.C. § 1841(a).4. “Location” means, for purposes of determining where a bank or bank holding company is located, the following:a. A bank is located in the state in which its principal place of business or main office is physically located.b. A bank holding company is located in the state which is its home state as determined under 12 U.S.C. § 1841(o)(4).5. “Out-of-state bank holding company” means out-of-state bank holding company as defined in 12 U.S.C. § 1841(o).