Iowa Code 524.309 – Publication of authorization to do business
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Terms Used In Iowa Code 524.309
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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
- 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
524.309 Publication of authorization to do business.
1. A state bank shall cause to be published once within two weeks after the issuance by
the superintendent of the authorization to do business, in a newspaper of general circulation published in the municipal corporation which is the principal place of business of the state bank, or if there is none, a newspaper of general circulation published in the county, or in a county adjoining the county, in which the state bank has its principal place of business, a notice which shall state all of the following:
a. The name of the state bank, the address of its principal place of business, and the date of the issuance of the authorization to do business.
b. The names and addresses of the members of the initial board of directors as designated in the articles of incorporation.
c. That the shareholders shall not be personally liable for the debts and obligations of the state bank.
2. Proof of publication, by affidavit of the publisher of the newspaper in which it was made, shall be filed with the superintendent, and is conclusive evidence of the fact.
[C97, §1843, 1864; S13, §1843, 1864; C24, 27, 31, 35, 39, §9161, 9208; C46, 50, 54, 58, 62,
66, §526.6, 527.6; C71, 73, 75, 77, 79, 81, §524.309]
95 Acts, ch 148, §29
1. A state bank shall cause to be published once within two weeks after the issuance by
the superintendent of the authorization to do business, in a newspaper of general circulation published in the municipal corporation which is the principal place of business of the state bank, or if there is none, a newspaper of general circulation published in the county, or in a county adjoining the county, in which the state bank has its principal place of business, a notice which shall state all of the following:
a. The name of the state bank, the address of its principal place of business, and the date of the issuance of the authorization to do business.
b. The names and addresses of the members of the initial board of directors as designated in the articles of incorporation.
c. That the shareholders shall not be personally liable for the debts and obligations of the state bank.
2. Proof of publication, by affidavit of the publisher of the newspaper in which it was made, shall be filed with the superintendent, and is conclusive evidence of the fact.
[C97, §1843, 1864; S13, §1843, 1864; C24, 27, 31, 35, 39, §9161, 9208; C46, 50, 54, 58, 62,
66, §526.6, 527.6; C71, 73, 75, 77, 79, 81, §524.309]
95 Acts, ch 148, §29