Iowa Statutes
§ 524.543 — Distribution of shares of state bank
Iowa § 524.543
This text of Iowa § 524.543 (Distribution of shares of state bank) 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 § 524.543 (2026).
Text
1.The board of directors of a state bank may, subject to the provisions of section 524.405,
distribute pro rata to holders of common shares authorized but unissued common shares of
the state bank.
2.A distribution shall not be made in authorized but unissued shares of the state bank
unlessanamountequaltothetotalparvalueofthesharesdistributedistransferredtocapital.
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Legislative History
[C71, 73, 75, 77, 79, 81, §524.517]
Nearby Sections
15
§ 524.1000
Reserved§ 524.1001
Power to act as fiduciary§ 524.1003
Removal of fiduciary powers§ 524.1005A
Nonresident corporate fiduciaries§ 524.101
Short title§ 524.1010
Reserved§ 524.1011
Reserved§ 524.1012
ReservedCite This Page — Counsel Stack
Bluebook (online)
Iowa § 524.543, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/524.543.