524.524 Consideration for shares. Except in the case of a distribution of shares authorized by section 524.543 or shares issued upon exchanges or conversion, common or preferred shares of a state bank may be issuedonly for cash in an amount not less than that approved by the superintendent. [C97, §1853; C24, 27, 31, 35, 39, §9192; C46, 50, 54, 58, 62, 66, §526.36; C71, 73, 75, 77, 79, 81, §524.503] 95 Acts, ch 148, §41CS95, §524.5242022 Acts, ch 1062, §43 Sat Dec 23 01:14:16 2023 Iowa Code 2024, Section 524.524 (24, 0)
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