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2014 Iowa Code
TITLE XIII - COMMERCE
SUBTITLE 2 - FINANCIAL INSTITUTIONS
CHAPTER 533 - CREDIT UNIONS
SECTION 533.311 - Acceptance of deposits and investments while insolvent.


IA Code § 533.311 (2014) What's This?

533.311  Acceptance of deposits and investments while insolvent.

When a state credit union is insolvent, the state credit union shall not do either of the following:

1.  Accept any deposits or investments in ownership shares.

2.  Renew or extend the term of any time deposits or time investments.

2007 Acts, ch 174, §42

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