Iowa § 524.825 Securities activities

Iowa Statutes

§ 524.825 — Securities activities

Iowa § 524.825

Title XIIICOMMERCE

Ch. 524BANKS

This text of Iowa § 524.825 (Securities activities) 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 § 524.825 (2026).

Text

1.Subject to the prior approval of the superintendent and as authorized by rules adopted by the superintendent pursuant to chapter 17A, a state bank or a subsidiary of a state bank organized or acquired pursuant to section 524.802, subsection 12, may engage in directly, or may organize, acquire, or invest in a subsidiary for the purpose of engaging in securities activities and any aspect of the securities industry, including but not limited to any of the following:

a.Issuing, underwriting, selling, or distributing stocks, bonds, debentures, notes, interest in mutual funds or money-market-type mutual funds, or other securities.

b.Organizing, sponsoring, and operating one or more mutual funds.

c.Acting as a securities broker-dealer licensed under chapter 502. The business relating to sec

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1. Subject to the prior approval of the superintendent and as authorized by rules adopted
by the superintendent pursuant to chapter 17A, a state bank or a subsidiary of a state bank
organized or acquired pursuant to section 524.802, subsection 12, may engage in directly,
or may organize, acquire, or invest in a subsidiary for the purpose of engaging in securities
activities and any aspect of the securities industry, including but not limited to any of the
following:
a. Issuing, underwriting, selling, or distributing stocks, bonds, debentures, notes, interest
in mutual funds or money-market-type mutual funds, or other securities.
b. Organizing, sponsoring, and operating one or more mutual funds.
c. Acting as a securities broker-dealer licensed under chapter 502. The business relating
to securities shall be conducted through, and in the name of, the broker-dealer. The
requirements of chapter 502 apply to any business of the broker-dealer transacted in this
state.
2. A subsidiary engaging in activities authorized by this section may also engage in any
other authorized activities under section 524.802, subsection 12.