Iowa § 524.401 Minimum capital

Iowa Statutes

§ 524.401 — Minimum capital

Iowa § 524.401

Title XIIICOMMERCE

Ch. 524BANKS

This text of Iowa § 524.401 (Minimum capital) 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 § 524.401 (2026).

Text

1.The minimum capital structure of a state bank existing and operating on July 1, 1995, shall not be less than the amount required by law prior to that date.

2.The minimum capital structure of a state bank incorporated after July 1, 1995, or organized after July 1, 2004, pursuant to the provisions of this chapter shall not be less than the amount required by the federal deposit insurance corporation, or its successor, or a greateramountwhichthesuperintendentmaydeemnecessaryinviewofthedepositpotential of the state bank and current banking standards relating to total capital requirements.

3.A state bank incorporated on or after July 1, 1995, or organized after July 1, 2004, pursuant to this chapter, prior to receiving authorization to do business from the superintendent, shall establish p

Free access — add to your briefcase to read the full text and ask questions with AI

1. The minimum capital structure of a state bank existing and operating on July 1, 1995,
shall not be less than the amount required by law prior to that date.
2. The minimum capital structure of a state bank incorporated after July 1, 1995, or
organized after July 1, 2004, pursuant to the provisions of this chapter shall not be less than
the amount required by the federal deposit insurance corporation, or its successor, or a
greateramountwhichthesuperintendentmaydeemnecessaryinviewofthedepositpotential
of the state bank and current banking standards relating to total capital requirements.
3. A state bank incorporated on or after July 1, 1995, or organized after July 1,
2004, pursuant to this chapter, prior to receiving authorization to do business from the
superintendent, shall establish paid-in surplus and undivided profits as required by the
superintendent.
4. A state bank originally incorporated or organized pursuant to this chapter shall
establish, prior to receiving authorization to do business from the superintendent, paid-in
surplus and undivided profits as required by the superintendent.

Legislative History

[C97, §1843, 1864; S13, §1843, 1864; C24, 27, §9160, 9206; C31, §9217-c1; C35, §9217-c1, 9283-f14; C39, §9217.1, 9283.42; C46, 50, 54, 58, 62, 66, §528.1, 528.127; C71, 73, 75, 77, 79, 81, §524.401]