524.1311 Involuntary dissolution after commencement of business — receivership procedure. 1. Under the receivership, a diligent effort shall be made to collect and realize on the assets of the state bank and to make distribution of the proceeds from time totime to those entitled thereto. The federal deposit insurance corporation may execute assignments, releases, and satisfactions to effectuate sales and transfers as receiver or afterthe receivership has terminated. The federal deposit insurance corporation may sell orcompound all bad or doubtful debts, and may sell all the real and personal property of suchstate bank. 2. After the involuntary dissolution of a state bank, the superintendent shall file notice of the dissolution with the secretary of state. No fee shall be charged by the secretary of statefor the filing. The corporate existence of the state bank shall cease upon filing of the noticeof dissolution with the secretary of state. [C73, §1572; C97, §1857, 1877; S13, §1857; C24, §9239, 9278; C27, §9239, 9239-a5, 9278; C31, 35, §9239, 9239-a5, 9278, 9278-c1; C39, §9239, 9239.6, 9278, 9278.1 – 9278.3; C46, 50,54, 58, 62, 66, §528.33, 528.39, 528.77 – 528.80; C71, 73, 75, 77, , §9239, 9278; C27, §9239, 9239-a5, 9278; C31, 35, §9239, 9239-a5, 9278, 9278-c1; C39, §9239, 9239.6, 9278, 9278.1 – 9278.3; C46, 50,54, 58, 62, 66, §528.33, 528.39, 528.77 – 528.80; C71, 73, 75, 77, 79, 81, §524.1311] 2012 Acts, ch 1017, §24, 28; 2022 Acts, ch 1062, §115Referred to in §524.1305, 524.1310 Sat Dec 23 01:23:23 2023 Iowa Code 2024, Section 524.1311 (24, 0)
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