Iowa § 524.1406 Appraisal rights of shareholders

Iowa Statutes

§ 524.1406 — Appraisal rights of shareholders

Iowa § 524.1406

Title XIIICOMMERCE

Ch. 524BANKS

This text of Iowa § 524.1406 (Appraisal rights of shareholders) 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 § 524.1406 (2026).

Text

1.A shareholder of a state bank, which is a party to a proposed plan of merger which will result in a state bank subject to this chapter, who objects to the plan of merger is entitled to appraisal rights as provided in chapter 490, subchapter XIII.

2.If a shareholder of a national bank which is a party to a proposed plan of merger which will result in a state bank, or a shareholder of a state bank which is a party to a plan of merger which will result in a national bank, objects to the plan of merger and complies with the requirements of the applicable laws of the United States, the resulting state bank or national bank, as the case may be, is liable for the value of the shareholder’s shares as determined in accordance with such laws of the United States.

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1. A shareholder of a state bank, which is a party to a proposed plan of merger which will
result in a state bank subject to this chapter, who objects to the plan of merger is entitled to
appraisal rights as provided in chapter 490, subchapter XIII.
2. If a shareholder of a national bank which is a party to a proposed plan of merger which
will result in a state bank, or a shareholder of a state bank which is a party to a plan of merger
which will result in a national bank, objects to the plan of merger and complies with the

requirements of the applicable laws of the United States, the resulting state bank or national
bank, as the case may be, is liable for the value of the shareholder’s shares as determined in
accordance with such laws of the United States.