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Iowa Code § 524.1212

Location of satellite terminals

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

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Iowa Code § 524.1212, Location of satellite terminals, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2269711
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Any state bank may utilize a satellite terminal, as defined in section 527.2, when that satellite terminal is lawfully being operated, at any location within this state. Any transaction engaged in through the use of a satellite terminal shall be deemed to take place at the principal place of business of a bank whose accounts and records are affected by the transaction.