Iowa Code 536.7A – Change in control — approval
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 536.7A
- Licensee: means a person licensed under this chapter. See Iowa Code 536.28
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- Superintendent: means the state superintendent of banking. See Iowa Code 536.28
The prior written approval of the superintendent is required whenever a change in control of the licensee is proposed. For purposes of this section, “control” means control as defined in section 524.103. The superintendent may require information deemed necessary to determine whether a new application is required. When requesting approval, the person shall submit a fee of one hundred dollars to the superintendent.