Iowa Code 524.613 – Prohibitions applicable to certain financial transactions involving directors
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Terms Used In Iowa Code 524.613
- 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
524.613 Prohibitions applicable to certain financial transactions involving directors.
A director of a state bank shall not receive anything of value, other than compensation and expense reimbursement authorized by § 524.610, for procuring, or attempting to procure, any loan or extension of credit, as defined in § 524.904, to the state bank or for procuring, or attempting to procure, an investment by the state bank.
[C31, 35, §9221-c3; C39, §9221.3; C46, 50, 54, 58, 62, 66, §528.10; C71, 73, 75, 77, 79, 81,
§524.613]
95 Acts, ch 148, §69; 2017 Acts, ch 138, §4
Referred to in §524.1601, 524.1806
A director of a state bank shall not receive anything of value, other than compensation and expense reimbursement authorized by § 524.610, for procuring, or attempting to procure, any loan or extension of credit, as defined in § 524.904, to the state bank or for procuring, or attempting to procure, an investment by the state bank.
[C31, 35, §9221-c3; C39, §9221.3; C46, 50, 54, 58, 62, 66, §528.10; C71, 73, 75, 77, 79, 81,
§524.613]
95 Acts, ch 148, §69; 2017 Acts, ch 138, §4
Referred to in §524.1601, 524.1806