GroundRules
Iowa Code § 524.531: Loaning on its own shares.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 524 - BANKS
- Subchapter V - SHARES, SHAREHOLDERS, AND DIVIDENDS
A state bank shall not make any loan or extension of credit on the security of the shares of its own capital, unless such security is necessary to prevent loss upon a debt previously contracted in good faith.
Collected 2026-09-14T19:40:14Z. Source file · JSON