Iowa Code § 524.1608

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

Section 524.1608 - Penalty for accepting deposits while insolvent

If a state bank shall accept any deposit or renew any certificate of deposit in violation of section 524.805, subsection 4, any officer or employee knowing of such insolvency who willfully receives, accepts or renews or is accessory to or otherwise knowingly permits such acceptance shall be guilty of a fraudulent practice and shall, in either event be forever disqualified from acting as an officer or employee of any state bank.

C97, §1885; C24, 27, 31, 35, 39, §9280; C46, 50, 54, 58, 62, 66, § 528.82; C71, 73, 75, 77, 79, 81, § 524.1608

Fraudulent practices, see §714.8 - 714.14