Iowa Code 524.545 – Options for shares
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Terms Used In Iowa Code 524.545
- 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.
- 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
524.545 Options for shares.
A state bank incorporated as a stock corporation may authorize the granting of options to
officers and employees to purchase unissued shares of the state bank in accordance with a plan approved by the superintendent.
[C71, 73, 75, 77, 79, 81, §524.520]
95 Acts, ch 148, §59
CS95, §524.545
2012 Acts, ch 1017, §13, 18
A state bank incorporated as a stock corporation may authorize the granting of options to
officers and employees to purchase unissued shares of the state bank in accordance with a plan approved by the superintendent.
[C71, 73, 75, 77, 79, 81, §524.520]
95 Acts, ch 148, §59
CS95, §524.545
2012 Acts, ch 1017, §13, 18