524.1417 Appraisal rights of shareholder of converting state or national bank or federal savings association. 1. A shareholder of a state bank that converts into a national bank or federal savings association who objects to the plan of conversion is entitled to appraisal rights as providedin chapter 490, subchapter XIII. 2. If a shareholder of a national bank, federal savings association, or out-of-state bank, or a member of a state or federally chartered credit union, that converts into a state bankobjects to the plan of conversion and complies with the requirements of applicable laws ofthe United States, the resulting state bank is liable for the value of the shares as determinedin accordance with such laws of the United States. [C54, 58, 62, 66, §528B.9; C71, 73, 75, 77, 79, 81, §524.1417]95 Acts, ch 148, §122, 123; 98 Acts, ch 1036, §14; 2002 Acts, ch 1154, §118, 125; 2007 Acts, ch 88, §15; 2012 Acts, ch 1017, §118; 2019 Acts, ch 24, §104; 2022 Acts, ch 1062, §132 Referred to in §524.1416 Sat Dec 23 01:24:28 2023 Iowa Code 2024, Section 524.1417 (26, 0)
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