Iowa § 524.529 Preemptive rights for existing state banks

Iowa Statutes

§ 524.529 — Preemptive rights for existing state banks

Iowa § 524.529

Title XIIICOMMERCE

Ch. 524BANKS

This text of Iowa § 524.529 (Preemptive rights for existing state banks) 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 § 524.529 (2026).

Text

524.530 State bank’s acquisition of its own shares.

1.With the prior approval of the superintendent, a state bank may acquire its own shares. Shares acquired pursuant to this section constitute authorized but unissued shares except as provided in subsection 2.

2.If the articles of incorporation prohibit the reissue of acquired shares, the number of authorized shares is reduced by the number of shares acquired, effective upon amendment of the articles of incorporation.

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

524.530 State bank’s acquisition of its own shares.
1. With the prior approval of the superintendent, a state bank may acquire its own shares.
Shares acquired pursuant to this section constitute authorized but unissued shares except as
provided in subsection 2.
2. If the articles of incorporation prohibit the reissue of acquired shares, the number of
authorized shares is reduced by the number of shares acquired, effective upon amendment
of the articles of incorporation.