12C.13 - DEPOSIT NOT MEMBERSHIP. - Iowa Statutes

12C.13 DEPOSIT NOT MEMBERSHIP. Notwithstanding chapter 534, the deposit of public funds in a credit union defined in section 533.102 or an association defined in section 534.102 does not constitute being a shareholder, stockholder, or owner of a corporation in violation of Article VIII of the Constitution of the State of Iowa or any other provision of law.          Section History: Recent Form 84 Acts, ch 1230, § 17 C85, § 453.13 C93, § 12C.13 2007 Acts, ch 174, §77