GroundRules
Iowa Code § 524.524: Consideration for shares.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 524 - BANKS
- Subchapter V - SHARES, SHAREHOLDERS, AND DIVIDENDS
Except in the case of a distribution of shares authorized by section 524.543 or shares issued upon exchanges or conversion, common or preferred shares of a state bank may be issued only for cash in an amount not less than that approved by the superintendent.
Collected 2026-09-14T19:40:14Z. Source file · JSON