Iowa Code § 524.543 - Distribution of shares of state bank
A state bank’s board may distribute authorized but unissued common shares pro rata to common shareholders, but only subject to section 524.405. It cannot make that distribution unless the total par value of the shares distributed is transferred to capital.
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- United States — Iowa
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- Code
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- Language
- en
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capital transfer share distribution
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Iowa Code § 524.543 - Distribution of shares of state bank
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