Iowa § 524.818 Indebtedness of state bank

Iowa Statutes

§ 524.818 — Indebtedness of state bank

Iowa § 524.818

Title XIIICOMMERCE

Ch. 524BANKS

This text of Iowa § 524.818 (Indebtedness 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 § 524.818 (2026).

Text

Astatebankmayborrowmoneyorotherwisecontractindebtednessfornecessaryexpenses
in managing and transacting its business, to maintain proper cash reserves, and for other
corporate purposes, provided, however, the superintendent may prohibit or place restrictions
uponmoneyborrowedorotherindebtednesswhichwould, inthesuperintendent’sjudgment,
constitute an unsafe or unsound practice in view of the condition and circumstances of the
state bank. Nothing contained in this section shall limit the right of a state bank to issue
capital notes or debentures pursuant and subject to the provisions of section 524.404.

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

Astatebankmayborrowmoneyorotherwisecontractindebtednessfornecessaryexpenses
in managing and transacting its business, to maintain proper cash reserves, and for other
corporate purposes, provided, however, the superintendent may prohibit or place restrictions
uponmoneyborrowedorotherindebtednesswhichwould, inthesuperintendent’sjudgment,
constitute an unsafe or unsound practice in view of the condition and circumstances of the
state bank. Nothing contained in this section shall limit the right of a state bank to issue
capital notes or debentures pursuant and subject to the provisions of section 524.404.