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Iowa Code § 524.531

Loaning on its own shares

Iowa · Iowa Code Chapter 524 — Banks · Status: effective

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Iowa Code § 524.531, Loaning on its own shares, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2269020
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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.