Iowa § 524.1605 False statements, reports, and felonious acts

Iowa Statutes

§ 524.1605 — False statements, reports, and felonious acts

Iowa § 524.1605

Title XIIICOMMERCE

Ch. 524BANKS

This text of Iowa § 524.1605 (False statements, reports, and felonious acts) 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 § 524.1605 (2026).

Text

1.Any director, officer, or employee of a state bank who shall knowingly subscribe or make any false statements or false entries in the books, records, or memoranda of a state bank, or knowingly subscribe or exhibit false papers with intent to deceive any person authorized to examine its condition, or shall knowingly subscribe or make false reports, or shall knowingly divert the funds of the state bank to other purposes than those authorized by law, or who commits any other act with intent to defraud the state bank or any other person shall be guilty of a class “C” felony, and shall be forever disqualified from acting as a director, officer, or employee of any state bank.

2.Any officer or employee of a state bank who, with intent to defraud the state bank or any other person, certifies a

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1. Any director, officer, or employee of a state bank who shall knowingly subscribe or
make any false statements or false entries in the books, records, or memoranda of a state
bank, or knowingly subscribe or exhibit false papers with intent to deceive any person
authorized to examine its condition, or shall knowingly subscribe or make false reports, or
shall knowingly divert the funds of the state bank to other purposes than those authorized
by law, or who commits any other act with intent to defraud the state bank or any other
person shall be guilty of a class “C” felony, and shall be forever disqualified from acting as a
director, officer, or employee of any state bank.
2. Any officer or employee of a state bank who, with intent to defraud the state bank or
any other person, certifies any check when there are not sufficient funds on hand available
to the credit of the drawer of said check to pay the same, or who issues any certificate of
deposit when funds have not been deposited equal to the amount of such certificate, or
who, with intent to defraud the state bank or any other person, draws any draft or bill of
exchange, makes any acceptance, or issues, puts forth or assigns any note, debenture, bond
or other obligation or instrument, or participates in, or receives directly or indirectly any
money, property or other benefit from any transaction, loan, contract or other act of a state
bank shall be guilty of a class “C” felony, and shall, in either event be forever disqualified
from acting as an officer or employee of any state bank.

Legislative History

[C97, §1887; C24, 27, §9282; C31, 35, §9282, 9283-c2; C39, §9282, 9283.02; C46, 50, 54, 58, 62, 66, §528.84, 528.87; C71, 73, 75, 77, 79, 81, §524.1605]