524.1409 Conversion of national bank, federal savings association, out-of-state bank, or state or federally chartered credit union into state bank. A national bank or federal savings association, an out-of-state bank, or a state or federally chartered credit union may, subject to the provisions of this chapter, convert into a state bankupon authorization by and compliance with the laws of the United States, adoption of a planof conversion by the affirmative vote of at least a majority of its directors and the holders oftwo-thirds of each class of its shares at a meeting held upon not less than ten days’ notice toall shareholders, and upon approval of the superintendent. [C54, 58, 62, 66, §528B.3, 528B.7; C71, 73, 75, 77, 79, 81, §524.1409]98 Acts, ch 1036, §5; 2007 Acts, ch 88, §8; 2012 Acts, ch 1017, §110; 2022 Acts, ch 1062, §124 Sat Dec 23 01:24:23 2023 Iowa Code 2024, Section 524.1409 (24, 0)
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