Iowa Code § 524.1409 - Conversion of national bank, federal savings association, out-of-state bank, or state or federally chartered credit union into state bank
Some banks and credit unions may convert into a state bank if they meet federal-law requirements, get the required director and shareholder approvals, give at least 10 days’ notice to shareholders, and obtain superintendent approval.
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Iowa Code § 524.1409 - Conversion of national bank, federal savings association, out-of-state bank, or state or federally chartered credit union into state bank
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