Iowa Code § 524.306

Current through bills signed by governor as of 5/17/2024
Section 524.306 - Incorporation or organization of state bank
1. Unless a delayed effective date or time is specified, the corporate or organizational existence of a state bank begins when the articles of incorporation, with the superintendent's approval indicated on the articles of incorporation, are filed with the secretary of state.
2. The secretary of state's filing of the articles of incorporation is conclusive proof that the incorporators or organizers satisfied all conditions precedent to incorporation or organization, except in a proceeding instituted by the superintendent to cancel or revoke the incorporation or involuntarily dissolve the corporation or organization.

Iowa Code § 524.306

Amended by 2022 Iowa, ch 1062, s 33, eff. 7/1/2022.
C97, §1842, 1863; S13, §1842; C24, 27, 31, 35, 39, §9158, 9205; C46, 50, 54, 58, 62, 66, § 526.4, 527.4; C71, 73, 75, 77, 79, 81, § 524.306 90 Acts, ch 1205, §38; 91 Acts, ch 211, §11; 95 Acts, ch 148, §25; 96 Acts, ch 1034, §50; 2004 Acts, ch 1141, §55