2009 Iowa Code
Title 13 - Commerce
Subtitle 2 - Financial Institutions
CHAPTER 524 - BANKS
524.1417 - APPRAISAL RIGHTS OF SHAREHOLDER OF CONVERTING STATE OR NATIONAL BANK OR FEDERAL OR STATE SAVINGS ASSOCIATION.

        524.1417  APPRAISAL RIGHTS OF SHAREHOLDER OF
      CONVERTING STATE OR NATIONAL BANK OR FEDERAL OR STATE SAVINGS
      ASSOCIATION.
         1.  A shareholder of a state bank that converts into a national
      bank, federal savings association, or a state savings and loan
      association who objects to the plan of conversion is entitled to
      appraisal rights as provided in chapter 490, division XIII.
         2.  If a shareholder of a national bank or federal savings
      association that converts into a state bank objects to the plan of
      conversion and complies with the requirements of applicable laws of
      the United States, the resulting state bank is liable for the value
      of the shareholder's shares as determined in accordance with such
      laws of the United States.
         3.  If a shareholder of a state savings and loan association that
      converts to a state bank objects to the plan of conversion and
      complies with the requirements of applicable laws of this state, the
      resulting bank is liable for the value of the shareholder's shares as
      determined in accordance with such laws of this state.  

         Section History: Early Form

         [C54, 58, 62, 66, § 528B.9; C71, 73, 75, 77, 79, 81, § 524.1417]
      

         Section History: Recent Form

         95 Acts, ch 148, §122, 123; 98 Acts, ch 1036, §14; 2002 Acts, ch
      1154, §118, 125; 2007 Acts, ch 88, §15
         Referred to in § 524.1416