reglab/housing_qa huggingface dataset:
IA Code § 524.484 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.484 - Reserved.

524.484 Reserved. Reserved.
IA Code § 524.485 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.485 - Reserved.

524.485 Reserved. Reserved.
IA Code § 524.486 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.486 - Reserved.

524.486 Reserved. Reserved.
IA Code § 524.487 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.487 - Reserved.

524.487 Reserved. Reserved.
IA Code § 524.488 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.488 - Reserved.

524.488 Reserved. Reserved.
IA Code § 524.489 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.489 - Reserved.

524.489 Reserved. Reserved.
IA Code § 524.490 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.490 - Reserved.

524.490 Reserved. Reserved.
IA Code § 524.491 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.491 - Reserved.

524.491 Reserved. Reserved.
IA Code § 524.492 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.492 - Reserved.

524.492 Reserved. Reserved.
IA Code § 524.493 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.493 - Reserved.

524.493 Reserved. Reserved.
IA Code § 524.494 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.494 - Reserved.

524.494 Reserved. Reserved.
IA Code § 524.495 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.495 - Reserved.

524.495 Reserved. Reserved.
IA Code § 524.496 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.496 - Reserved.

524.496 Reserved. Reserved.
IA Code § 524.497 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.497 - Reserved.

524.497 Reserved. Reserved.
IA Code § 524.498 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.498 - Reserved.

524.498 Reserved. Reserved.
IA Code § 524.499 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.499 - Reserved.

524.499 Reserved. Reserved.
IA Code § 524.500 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.500 - Reserved.

524.500 Reserved. Reserved.
IA Code § 524.518 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.518 - Redemption of preferred shares.

524.518 Redemption of preferred shares. Repealed by 95 Acts, ch 148, §135.
IA Code § 524.522 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.522 - Terms of class or series determined by board of directors.

524.522 Terms of class or series determined by board of directors.   1. If the articles of incorporation provide for such, the board of directors may determine, in whole or in part, the preferences, limitations, and relative rights, within the limits set forth in section 524.521, of either of the following:   a. A class of shares before the issuance of any shares of that class.   b. One or more series within a class before the issuance of any shares of that series.   2. Each series of a class must be given a distinguishing designation.   3. All shares of a series must have preferences, limitations, and relative rights identical with those of other shares of the same series and, except to the extent otherwise provided in the description of the series, with those of other series of the same class.   4. Before issuing any shares of a class or series created under this section, the state bank shall deliver to the superintendent for filing with the secretary of state articles of amendment on forms prescribed by the superintendent, which are effective without shareholder action, that set forth all of the following:   a. The name of the state bank and the effective date of its articles of incorporation.   b. The text of the amendment determining the terms of the class or series of shares.   c. The date it was adopted.   d. A statement that the amendment was duly adopted by the board of directors.  95 Acts, ch 148, §39
IA Code § 524.523 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.523 - Certificates representing shares.

524.523 Certificates representing shares.   1. The shares of a state bank incorporated as a stock corporation shall be represented by certificates signed by such officers, employees, or agents as are authorized by the articles of incorporation or bylaws to sign. If no contrary provisions are made in the articles of incorporation or bylaws, the certificates shall be signed by the president or a vice president and the cashier or an assistant cashier of the state bank.   2. Each share certificate must state on its face, at a minimum, all of the following:   a. The name of the issuing state bank and that it is organized under the laws of this state.   b. The name of the person to whom issued.   c. The number and class of shares and the designation of the series, if any, which the certificate represents.   d. The par value of each share represented by the certificate.   3. A state bank which is authorized to issue different classes of shares or different series within a class must do one of the following:   a. Summarize on the front or back of each certificate the designations, relative rights, preferences, and limitations applicable to each class; the variations in rights, preferences, and limitations determined for each series; and the authority of the board of directors to determine variations for future series.   b. State conspicuously on the front or back of each certificate that the state bank will furnish the shareholder this information on request in writing and without charge.   4. Each share certificate must be signed either manually or in facsimile by two officers as set forth in subsection 1, and may bear the corporate seal or its facsimile.   5. If the person who signed a share certificate no longer holds office when the certificate is issued, the certificate is nevertheless valid.   6. A certificate shall not be issued for any share until such share is fully paid.  [C71, 73, 75, 77, 79, 81, §524.502]  95 Acts, ch 148, §40  CS 95, §524.523  2012 Acts, ch 1017, §9, 18  Referred to in §524.521, 524.526
IA Code § 524.524 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.524 - Consideration for shares.

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 issued only for cash in an amount not less than that determined 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, §41  CS 95, §524.524
IA Code § 524.525 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.525 - Subscription for shares before incorporation or organization.

524.525 Subscription for shares before incorporation or organization.   1. A subscription for shares entered into before incorporation or organization of the state bank is irrevocable for six months unless the subscription agreement provides a longer or shorter period, or all subscribers agree to revocation.   2. The board of directors may determine the payment terms of subscriptions for shares that were entered into before incorporation or organization of the state bank unless the subscription agreement specifies the terms. A call for payment by the board of directors must be uniform so far as practicable as to all shares of the same class or series, unless the subscription agreement specifies otherwise.   3. Shares issued pursuant to subscriptions entered into before incorporation or organization of the state bank are fully paid and nonassessable when the state bank receives the consideration specified in the subscription agreement.   4. If a subscriber defaults in payment of money or property under a subscription agreement entered into before incorporation or organization of the state bank, the state bank may do either of the following:   a. Collect the amount owed as any other debt.   b. Unless the subscription agreement provides otherwise, the state bank may rescind the agreement and may sell the shares if the debt remains unpaid more than twenty days after the state bank sends written demand for payment to the subscriber.  [C71, 73, 75, 77, 79, 81, §524.504]  95 Acts, ch 148, §42  CS 95, §524.525  2004 Acts, ch 1141, §63  Referred to in §524.527
IA Code § 524.526 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.526 - Fractional shares.

524.526 Fractional shares.   1. A state bank incorporated as a stock corporation may do any of the following:   a. Issue fractions of a share or pay in money the value of fractions of a share.   b. Arrange for disposition of fractional shares by the shareholders of the state bank.   c. Issue scrip in registered or bearer form entitling the holder to receive a full share upon surrendering enough scrip to equal a full share.   2. Each certificate representing scrip must be conspicuously labeled “scrip” and must contain the information required by section 524.523, subsection 2.   3. The holder of a fractional share is entitled to exercise the rights of a shareholder, including the right to vote, to receive dividends, and to participate in the assets of the state bank upon liquidation, but only if the scrip provides for such rights.   4. The board of directors may authorize the issuance of scrip subject to any condition considered desirable, including either of the following:   a. That the scrip will become void if not exchanged for full shares before a specified date.   b. That the shares for which the scrip is exchangeable may be sold and the proceeds paid to the scrip holders.  95 Acts, ch 148, §43; 2012 Acts, ch 1017, §10, 18
IA Code § 524.527 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.527 - Liability of shareholders or members.

524.527 Liability of shareholders or members.   1. A purchaser of the shares of a state bank incorporated as a stock corporation is not liable to the bank, its creditors, or depositors with respect to the shares except to pay the consideration for which the shares were authorized to be issued under section 524.521, or the consideration specified in the subscription agreement authorized under section 524.525.   2. Unless otherwise provided in the articles of incorporation, a shareholder of a state bank is not personally liable for the acts or debts of the state bank, its creditors, or depositors.   3. A member of a state bank incorporated as a mutual corporation is not personally liable for the acts or debts of the state bank, its creditors, or depositors.  [C71, 73, 75, 77, 79, 81, §524.505]  95 Acts, ch 148, §44  CS 95, §524.527  2012 Acts, ch 1017, §11, 18
IA Code § 524.528 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.528 - Shareholders’ preemptive rights.

524.528 Shareholders’ preemptive rights.   1. The shareholders of a state bank do not have a preemptive right to acquire the state bank’s unissued shares except to the extent provided in the articles of incorporation.   2. A statement included in the articles of incorporation that “the state bank elects to have preemptive rights”, or words of similar import, means that, except to the extent otherwise expressly provided in the articles of incorporation, the following principles apply:   a. A shareholder of a state bank has a preemptive right, granted on uniform terms and conditions prescribed by the board of directors to provide a fair and reasonable opportunity to exercise the right, to acquire a proportional amount of the state bank’s unissued shares upon the decision of the board of directors to issue such shares.   b. A shareholder may waive the shareholder’s preemptive right. A waiver evidenced in writing is irrevocable even though it is not supported by consideration.   c. There is no preemptive right with respect to any of the following:   (1) Shares issued as compensation to directors, managers, officers, agents, or employees of the state bank, its subsidiaries, or its affiliates.   (2) Shares issued to satisfy conversion or option rights created to provide compensation to directors, managers, officers, agents, or employees of the state bank, its subsidiaries, or its affiliates.   (3) Shares authorized in articles of incorporation that are issued within six months from the effective date of incorporation or organization.   d. A holder of shares of any class without general voting rights but with preferential rights to distributions or assets has no preemptive rights with respect to shares of any class.   e. A holder of shares of any class with general voting rights but without preferential rights to distributions or assets has no preemptive rights with respect to shares of any class with preferential rights to distributions or assets unless the shares with preferential rights are convertible into or carry a right to subscribe for or acquire shares without preferential rights.   f. Shares subject to preemptive rights that are not acquired by shareholders may be issued to any person for a period of one year after being offered to shareholders at a consideration set by the board of directors that is not lower than the consideration set for the exercise of preemptive rights. An offer at a lower consideration or after the expiration of one year is subject to the shareholders’ preemptive rights.   3. For purposes of this section, “shares” includes a security convertible into or carrying a right to subscribe for or acquire shares.  [C71, 73, 75, 77, 79, 81, §524.506]  95 Acts, ch 148, §45  CS 95, §524.528  2004 Acts, ch 1141, §64; 2017 Acts, ch 29, §167
IA Code § 524.529 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.529 - Preemptive rights for existing state banks.

524.529 Preemptive rights for existing state banks. Repealed by 2017 Acts, ch 29, §164.
IA Code § 524.530 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.530 - State bank’s acquisition of its own shares.

524.530 State bank’s acquisition of its own shares.   1. With the prior approval of the superintendent, a state bank may acquire its own shares. Shares acquired pursuant to this section constitute authorized but unissued shares except as provided in subsection 2.   2. If the articles of incorporation prohibit the reissue of acquired shares, the number of authorized shares is reduced by the number of shares acquired, effective upon amendment of the articles of incorporation.  95 Acts, ch 148, §47
IA Code § 524.531 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.531 - Loaning on its own shares.

524.531 Loaning on its own shares.   A state bank shall not make any loan or extension of credit on the security of the shares of its own capital, unless such security is necessary to prevent loss upon a debt previously contracted in good faith.  [C97, §1850; S13, §1850; C24, 27, §9184; C31, 35, §9221-c2; C39, §9221.2; C46, 50, 54, 58, 62, 66, §528.9; C71, 73, 75, 77, 79, 81, §524.507]  95 Acts, ch 148, §48  CS 95, §524.531
IA Code § 524.532 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.532 - Meetings of shareholders.

524.532 Meetings of shareholders.   Meetings of shareholders may be held at a place, within this state, as provided in the articles of incorporation or the bylaws, or as fixed in accordance with their provisions. In the absence of any such provision, all meetings shall be held at the principal place of business of the state bank. An annual meeting of the shareholders shall be held during the specific month as shall be provided in the articles of incorporation, at the date and time as stated in or fixed in accordance with the bylaws. Failure to hold the annual meeting during the month shall not work a forfeiture or dissolution of the state bank. Special meetings of the shareholders may be called by the president, the board of directors, the holders of not less than one-tenth of all the shares entitled to vote at the meeting, or other officers or persons as provided in the articles of incorporation or the bylaws.  [C71, 73, 75, 77, 79, 81, §524.508]  84 Acts, ch 1032, §2  CS 95, §524.532
IA Code § 524.533 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.533 - Notice of shareholder meetings — waiver of notice generally.

524.533 Notice of shareholder meetings — waiver of notice generally.   1. Written notice stating the place, day and hour of a meeting of the shareholders and, in case of a special meeting, the purpose or purposes for which the meeting is called, shall be delivered not less than ten nor more than sixty days before the date of the meeting, either personally or by mail, by or at the direction of the president, the cashier, or the officer or persons calling the meeting, to each shareholder of record entitled to vote at the meeting. If mailed, the notice is deemed to be delivered when deposited in the United States mail addressed to the shareholder at the shareholder’s address as it appears on the stock transfer books of the state bank with postage prepaid.   2. A shareholder may waive any notice required by this chapter, the articles of incorporation, or bylaws before or after the date and time stated in the notice. The waiver must be in writing, be signed by the shareholder entitled to the notice, and be delivered to the state bank for inclusion in the minutes or filing with the corporate records.   3. A shareholder’s attendance at a meeting results in both of the following:   a. Waives the shareholder’s objection to lack of notice or defective notice of the meeting, unless the shareholder at the beginning of the meeting or promptly upon the shareholder’s arrival objects to holding the meeting or transacting business at the meeting.   b. Waives the shareholder’s objection to consideration of a particular matter at the meeting that is not within the purpose or purposes described in the meeting notice, unless the shareholder objects to considering the matter when it is presented.   4. Unless the articles of incorporation or bylaws provide otherwise, the shareholders may permit any or all shareholders to participate in a regular or special meeting by, or conduct the meeting through the use of, any means of communication by which all shareholders participating may simultaneously hear each other during the meeting. A shareholder participating in a meeting as provided in this subsection is deemed to be present in person at the meeting.  [C71, 73, 75, 77, 79, 81, §524.509]  95 Acts, ch 148, §49  CS 95, §524.533  Referred to in §524.314, 524.1502, 524.1508
IA Code § 524.534 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.534 - Action without meeting.

524.534 Action without meeting.   1. Unless the articles of incorporation or bylaws provide otherwise, action required or permitted to be taken under this chapter at a special shareholders’ meeting may be taken without a meeting if the action is consented to by all shareholders. The action must be evidenced by one or more written consents describing the action taken, signed by each shareholder, and included in the minutes or filed with the corporate records reflecting the action taken.   2. Action taken under this section is effective when the last shareholder signs the consent, unless the consent specifies a different effective date.   3. A written consent signed under this section has the effect of a meeting vote and may be described as such in any document.  95 Acts, ch 148, §50
IA Code § 524.535 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.535 - Transfer books — fixing record date.

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, in advance, a date as the record date for any determination of shareholders entitled to notice of or to vote at a meeting of shareholders, the date to be not more than seventy days and, in case of a meeting of shareholders, not less than ten days prior to the date on which the particular action, requiring the determination of shareholders, is to be taken. If a record date is not fixed for the determination of shareholders entitled to notice of or to vote at a meeting of shareholders, or shareholders entitled to receive payment of a dividend, the date on which notice of the meeting is mailed or the date on which the resolution of the board of directors declaring such dividend is adopted, as the case may be, shall be the record date for the determination of shareholders. If a determination of shareholders entitled to vote at any meeting of shareholders has been made as provided in this 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, §51  CS 95, §524.535  2018 Acts, ch 1041, §127
IA Code § 524.536 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.536 - Voting list.

524.536 Voting list.   The officer or agent having charge of the stock transfer books for shares of a state bank shall, at least ten days before each meeting of shareholders, make a complete list of the shareholders entitled to vote at the meeting or any adjournment of the meeting, arranged in alphabetical order, with the address of and the number of shares held by each, which list, for a period of ten days prior to the meeting, shall be kept on file at the principal place of business of the state bank and is subject to inspection by a shareholder, or a shareholder’s agent or attorney, at any time during usual business hours. The list of shareholders shall also be produced and kept open at the time and place of the meeting and is subject to the inspection of a shareholder, or a shareholder’s agent or attorney, during the whole time of the meeting. The original stock transfer books are prima facie evidence as to who are the shareholders entitled to examine the list or transfer books or to vote at a meeting of shareholders. Failure to comply with the requirements of this section shall not affect the validity of action taken at a meeting of shareholders.  [C71, 73, 75, 77, 79, 81, §524.511]  95 Acts, ch 148, §52  CS 95, §524.536
IA Code § 524.537 (2021)
2021 Iowa Code|Title XIII - COMMERCE|Chapter 524 - BANKS|Section 524.537 - Quorum of shareholders.

524.537 Quorum of shareholders.   1. Unless otherwise provided in the articles of incorporation, a majority of the shares entitled to vote, represented in person or by proxy, constitutes a quorum at a meeting of shareholders. If a quorum is present, the affirmative vote of the majority of the shares represented at the meeting and entitled to vote on the subject matter shall be the act of the shareholders, unless the vote of a greater number or voting by classes is required by the laws of this state or of the United States or by the articles of incorporation or bylaws.   2. Once a share is represented for any purpose at a meeting, it is deemed present for the purpose of determining a quorum for the remainder of the meeting and for any adjournment of that meeting unless a new record date is or must be set for that adjourned meeting.  [C71, 73, 75, 77, 79, 81, §524.512]  95 Acts, ch 148, §53  CS 95, §524.537