{"data":{"id":"us-ia/iowa-code-524.1409","jurisdiction":"us-ia","citation":"Iowa Code § 524.1409","heading":"Conversion of national bank, federal savings association, out-of-state bank, or state or federally chartered credit union into state bank.","body":"A national bank or federal savings association, an out-of-state bank, or a state or federally chartered credit union may, subject to the provisions of this chapter, convert into a state bank upon authorization by and compliance with the laws of the United States, adoption of a plan of conversion by the affirmative vote of at least a majority of its directors and the holders of two-thirds of each class of its shares at a meeting held upon not less than ten days’ notice to all shareholders, and upon approval of the superintendent.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 524 - BANKS","Subchapter XIV - MERGER, CONSOLIDATION, AND CONVERSION"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/524.1409.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:14Z","sha256":"cc55d2946f124ca711a4b349ed3102a99a3160000395deb42d41102cd12ae83b","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-524.1408","next":"us-ia/iowa-code-524.1410"},"notice":"GroundRules: Original legal text. Not legal advice."}