524.535 Transfer books — fixing record date. 1. The board of directors of a state bank shall cause adequate stock transfer books to be maintained. 2. The bylaws or, in the absence of an applicable bylaw, the board of directors may fix or provide the manner of fixing, the record date for any determination of shareholders entitledto notice of a shareholder’s meeting, to demand a special meeting, to vote, or to take any otheraction at a meeting of shareholders. A record date fixed under this section shall not be morethan seventy days and, in the case of a meeting of shareholders, not less than ten days beforethe date of the meeting or particular action requiring the determination of shareholders andshall not be retroactive. If a record date is not fixed for the determination of shareholdersentitled to notice of or to vote at a meeting of shareholders, or shareholders entitled to receivepayment of a dividend, the date on which notice of the meeting is mailed or the date on whichthe resolution of the board of directors declaring such dividend is adopted, as the case maybe, shall be the record date for the determination of shareholders. e meeting is mailed or the date on whichthe resolution of the board of directors declaring such dividend is adopted, as the case maybe, shall be the record date for the determination of shareholders. If a determination ofshareholders entitled to vote at any meeting of shareholders has been made as provided inthis section, the determination applies to any adjournment of the meeting. [C97, §1853; C24, 27, 31, 35, 39, §9192; C46, 50, 54, 58, 62, 66, §526.36; C71, 73, 75, 77, 79, 81, §524.510] 95 Acts, ch 148, §51CS95, §524.5352018 Acts, ch 1041, §127; 2022 Acts, ch 1062, §50 Sat Dec 23 01:14:22 2023 Iowa Code 2024, Section 524.535 (26, 0)
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