508B.8 Payment of fees, salaries and costs. A director, officer, agent or employee of the mutual company shall not receive a fee, commission or other valuable consideration, other than regular salary and compensation,for aiding, promoting or assisting in the conversion except as set forth in the plan approvedby the commissioner. This section does not prohibit the payment of reasonable fees andcompensation to a consultant, attorneys at law, accountants, actuaries or other personsspecifically employed for services performed in the practice of their professions whilecompleting the plan of conversion, even if these persons are directors of the mutual company. 85 Acts, ch 127, §8 Sat Dec 23 00:40:57 2023 Iowa Code 2024, Section 508B.8 (15, 0)
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