Iowa § 524.205 State banking council

Iowa Statutes

§ 524.205 — State banking council

Iowa § 524.205

Title XIIICOMMERCE

Ch. 524BANKS

This text of Iowa § 524.205 (State banking council) 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 § 524.205 (2026).

Text

1.The state banking council shall consist of the superintendent, who shall be an ex officio member and chairperson, and six other members, appointed by the governor, who shall be appointed, where practical, from various parts of the state. Provided, however, that in no event shall more than five members of such council be engaged in the business of banking in any executive capacity.

2.The terms of office for members of the state banking council, other than the superintendent, shall be four-year staggered terms. Each member shall hold office for the term for which the member is appointed or until a successor is appointed.

3.A member of the state banking council, other than the superintendent, shall not receive a salary but is entitled to reimbursement for actual expenses incurred by the

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1. The state banking council shall consist of the superintendent, who shall be an ex officio
member and chairperson, and six other members, appointed by the governor, who shall be
appointed, where practical, from various parts of the state. Provided, however, that in no
event shall more than five members of such council be engaged in the business of banking in
any executive capacity.
2. The terms of office for members of the state banking council, other than the

superintendent, shall be four-year staggered terms. Each member shall hold office for the
term for which the member is appointed or until a successor is appointed.
3. A member of the state banking council, other than the superintendent, shall not receive
a salary but is entitled to reimbursement for actual expenses incurred by the member in
connection with the member’s duties. Each member of the council may also be eligible to
receive compensation as provided in section 7E.6.
4. The state banking council shall act in an advisory capacity concerning matters
submittedtothecouncilbythesuperintendentpertainingtotheconductoftheadministration
of this chapter.
5. The state banking council shall meet at such times as may be deemed necessary by the
superintendent or a majority of the council members.

Legislative History

[C27, 31, 35, §9154-a1, -a2, -a3, -a4, -a7, -a8; C39, §9154.04 – 9154.07, 9154.10, 9154.11; C46, 50, 54, 58, 62, 66, §525.1 – 525.4, 525.7, 525.8; C71, 73, 75, 77, 79, 81, §524.205]