{"data":{"id":"us-ia/iowa-code-524.109","jurisdiction":"us-ia","citation":"Iowa Code § 524.109","heading":"Bankers’ bank authorized — authority to hold shares of bankers’ bank.","body":"1. A state bank may be organized under this chapter as a bankers’ bank. The bankers’ bank is subject to all rights, privileges, duties, restrictions, penalties, liabilities, conditions, and limitations applicable to a state bank generally, except as limited in the definition of bankers’ bank contained in section 524.103. However, a bankers’ bank shall have the same powers as those granted by federal law and regulation to a national bank organized as a bankers’ bank under 12 U.S.C. §27.\n2. A state bank shall have the power to acquire and hold the shares in one or more bankers’ banks or bank holding companies which own a bankers’ bank in a total amount not to exceed five percent of the state bank’s aggregate capital. A state bank shall not own, directly or indirectly, more than five percent of any class of voting shares of a bankers’ bank.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 524 - BANKS","Subchapter I - GENERAL PROVISIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/524.109.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:14Z","sha256":"f50d4a099ecb995404aa5cf11e3e3ac44400ef8de3d346e884c30e493b6a8965","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-524.108","next":"us-ia/iowa-code-524.110"},"notice":"GroundRules: Original legal text. Not legal advice."}