Iowa Code § 524.538A
Voting by member of mutual corporation
Iowa · Iowa Code Chapter 524 — Banks · Status: effective
Cite this
- Citation
- Iowa Code § 524.538A, Voting by member of mutual corporation, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2269028
- Permanent ID
ys:prov:2269028@1- SHA-256
83aed2b6ad9ef247bc8821178def64ad9b8e0332eeb288a2e0469895a05b7150
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
All holders of savings, demand, or other authorized accounts of a state bank incorporated as or converted to be a mutual corporation are members of the state bank. In the consideration of all questions requiring action by the members of the state bank, each holder of an account shall be permitted to cast one vote for each one hundred dollars, or fraction thereof, of the withdrawal value of the member’s account. No member, however, shall cast more than one thousand member votes. All accounts shall be nonassessable.