524.1505 Approval of articles of amendment. 1. Upon receipt of the articles of amendment the superintendent shall conduct such investigation as the superintendent may deem necessary to determine whether the articlesof amendment satisfy the requirements of section 524.1504 and whether the amendment, ifeffected, will in any way prejudice the interests of the depositors of the state bank. 2. Within sixty days after receipt of the articles of amendment the superintendent shall approve or disapprove the articles of amendment on the basis of the investigation. If thesuperintendent shall approve the articles of amendment, the superintendent shall deliverthem with the written approval to the secretary of state and notify the state bank of the action.If the superintendent shall disapprove the articles of amendment, the superintendent shallgive written notice to the state bank of the disapproval and a statement of the reasons for thedecision. The decision of the superintendent shall be subject to judicial review in accordancewith the terms of the Iowa administrative procedure Act, chapter 17A. Notwithstanding theterms of said Act, such a petition for judicial review must be filed within ct to judicial review in accordancewith the terms of the Iowa administrative procedure Act, chapter 17A. Notwithstanding theterms of said Act, such a petition for judicial review must be filed within thirty days after thesuperintendent notifies the state bank of the decision. [C71, 73, 75, 77, 79, 81, §524.1505]2003 Acts, ch 44, §114Referred to in §524.1508 Sat Dec 23 01:25:22 2023 Iowa Code 2024, Section 524.1505 (22, 0)
Iowa Legal Code