{"data":{"id":"us-ia/iowa-code-524.825","jurisdiction":"us-ia","citation":"Iowa Code § 524.825","heading":"Securities activities.","body":"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:\na. Issuing, underwriting, selling, or distributing stocks, bonds, debentures, notes, interest in mutual funds or money-market-type mutual funds, or other securities.\nb. Organizing, sponsoring, and operating one or more mutual funds.\nc. 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.\n2. A subsidiary engaging in activities authorized by this section may also engage in any other authorized activities under section 524.802, subsection 12.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 524 - BANKS","Subchapter VIII - GENERAL BANKING POWERS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/524.825.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:14Z","sha256":"d5382ad1126bb48ed7a33e423fab6d77d58ed7351cdb8c137ab5f8642590f807","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-524.824","next":"us-ia/iowa-code-524.826"},"notice":"GroundRules: Original legal text. Not legal advice."}