Iowa Statutes
§ 496B.15 — Deposit of funds
Iowa § 496B.15
This text of Iowa § 496B.15 (Deposit of funds) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 496B.15 (2026).
Text
Nodevelopmentcorporationshalldepositanyofitsfundsinanyfinancialinstitutionunless
such institution has been designated as a depository by a vote of a majority of the directors
present at any authorized meeting of the board of directors exclusive of any director who
is an officer or director of the depository so designated. No development corporation shall
receive money on deposit.
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Legislative History
[C66, 71, 73, 75, 77, 79, 81, §496B.15]
Nearby Sections
15
§ 496B.1
Title of Act§ 496B.10
Duration of membership§ 496B.11
Powers of shareholders§ 496B.12
Articles amended§ 496B.13
Board of directors§ 496B.14
Earned surplus set aside§ 496B.15
Deposit of funds§ 496B.17
Certificate to do business§ 496B.19
Dissolution§ 496B.2
Definitions§ 496B.20
State credit not available§ 496B.3
Authorized corporations§ 496B.4
Offices§ 496B.5
PurposesCite This Page — Counsel Stack
Bluebook (online)
Iowa § 496B.15, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/496B.15.