Iowa § 524.601 Board of directors

Iowa Statutes

§ 524.601 — Board of directors

Iowa § 524.601

Title XIIICOMMERCE

Ch. 524BANKS

This text of Iowa § 524.601 (Board of directors) 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 § 524.601 (2026).

Text

1.The business and affairs of a state bank shall be managed by a board of five or more directors eighteen years of age or older, a majority of whom shall be residents of the state of Iowa and citizens of the United States.

2.The number of directors may be increased, or decreased to a number not less than five, by the shareholders at the annual meeting, or at a special meeting called for that purpose, but no decrease shall have the effect of shortening the term of an incumbent director.

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1. The business and affairs of a state bank shall be managed by a board of five or more
directors eighteen years of age or older, a majority of whom shall be residents of the state of
Iowa and citizens of the United States.
2. The number of directors may be increased, or decreased to a number not less than five,
by the shareholders at the annual meeting, or at a special meeting called for that purpose,
but no decrease shall have the effect of shortening the term of an incumbent director.

Legislative History

[C97, §1845, 1866; C24, 27, §9163, 9164, 9165, 9166, 9210 – 9212, 9213; C31, 35, §9163, 9164, 9165, 9210 – 9212, 9217-c2; C39, §9163, 9164, 9165, 9210 – 9212, 9217.2; C46, 50, 54, 58, 62, 66, §526.8, 526.9, 526.10, 527.8 – 527.10, 528.2; C71, 73, 75, 77, 79, 81, §524.601]