Iowa Code 524.524 – Consideration for shares
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Terms Used In Iowa Code 524.524
- 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
524.524 Consideration for shares.
Except in the case of a distribution of shares authorized by § 524.543 or shares issued
upon exchanges or conversion, common or preferred shares of a state bank may be issued only for cash in an amount not less than that approved by the superintendent.
[C97, §1853; C24, 27, 31, 35, 39, §9192; C46, 50, 54, 58, 62, 66, §526.36; C71, 73, 75, 77, 79,
81, §524.503]
95 Acts, ch 148, §41
CS95, §524.524
2022 Acts, ch 1062, §43
Except in the case of a distribution of shares authorized by § 524.543 or shares issued
upon exchanges or conversion, common or preferred shares of a state bank may be issued only for cash in an amount not less than that approved by the superintendent.
[C97, §1853; C24, 27, 31, 35, 39, §9192; C46, 50, 54, 58, 62, 66, §526.36; C71, 73, 75, 77, 79,
81, §524.503]
95 Acts, ch 148, §41
CS95, §524.524
2022 Acts, ch 1062, §43