Iowa Code 524.1608 – Penalty for accepting deposits while insolvent
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Terms Used In Iowa Code 524.1608
- 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
524.1608 Penalty for accepting deposits while insolvent.
If a state bank shall accept any deposit or renew any certificate of deposit in violation
of § 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
If a state bank shall accept any deposit or renew any certificate of deposit in violation
of § 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