Iowa Code 524.1420 – Nonconforming assets of resulting state bank
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Terms Used In Iowa Code 524.1420
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
524.1420 Nonconforming assets of resulting state bank.
If a merger or conversion results in a state bank subject to the provisions of this chapter, and the resulting state bank has assets which do not conform with the provisions of this chapter, the superintendent may allow the resulting state bank a reasonable time to conform with state law.
[C54, 58, 62, 66, §528B.11; C71, 73, 75, 77, 79, 81, §524.1420]
95 Acts, ch 148, §126
If a merger or conversion results in a state bank subject to the provisions of this chapter, and the resulting state bank has assets which do not conform with the provisions of this chapter, the superintendent may allow the resulting state bank a reasonable time to conform with state law.
[C54, 58, 62, 66, §528B.11; C71, 73, 75, 77, 79, 81, §524.1420]
95 Acts, ch 148, §126