§ 524.309 — Publication of authorization to do business

Iowa § 524.309

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 524: BANKS

Text

1. A state bank shall cause to be published once within two weeks after the issuance by
the superintendent of the authorization to do business, in a newspaper of general circulation
published in the municipal corporation which is the principal place of business of the state
bank, or if there is none, a newspaper of general circulation published in the county, or in
a county adjoining the county, in which the state bank has its principal place of business, a
notice which shall state all of the following:

a. The name of the state bank, the address of its principal place of business, and the date
of the issuance of the authorization to do business.
b. The names and addresses of the members of the initial board of directors as designated
in the articles of incorporation.
c. That the shareholders shall not be personally liable for the debts and obligations of the
state bank.
2. Proof of publication, by affidavit of the publisher of the newspaper in which it was
made, shall be filed with the superintendent, and is conclusive evidence of the fact.

Legislative History

[C97, §1843, 1864; S13, §1843, 1864; C24, 27, 31, 35, 39, §9161, 9208; C46, 50, 54, 58, 62, 66, §526.6, 527.6; C71, 73, 75, 77, 79, 81, §524.309]