Iowa Code § 524.531

Current through bills signed by governor as of 5/17/2024

Section 524.531 - Loaning on its own shares

A state bank shall not make any loan or extension of credit on the security of the shares of its own capital, unless such security is necessary to prevent loss upon a debt previously contracted in good faith.

Iowa Code § 524.531

C97, §1850; S13, §1850; C24, 27, §9184; C31, 35, §9221-c2; C39, § 9221.2; C46, 50, 54, 58, 62, 66, § 528.9; C71, 73, 75, 77, 79, 81, § 524.507 95 Acts, ch 148, §48CS 95, § 524.531