Iowa Code § 533.311

Current through March 29, 2024

Section 533.311 - Acceptance of deposits and investments while insolvent

When a state credit union is insolvent, the state credit union shall not do either of the following:

1. Accept any deposits or investments in ownership shares.

2. Renew or extend the term of any time deposits or time investments.

Iowa Code § 533.311

2007 Acts, ch 174, §42