524.307 - INITIAL ORGANIZATION OF STATE BANK. - Iowa Statutes

524.307 INITIAL ORGANIZATION OF STATE BANK. Upon incorporation, or organization as a limited liability company, of the state bank, the initial board of directors shall hold an organizational meeting within this state, at the call of a majority of the directors, to complete the organization of the state bank by electing officers, adopting bylaws, if any are to be adopted, and conducting any other business properly brought before the board at the meeting.          Section History: Early Form [C97, § 1845; C24, 27, 31, 35, 39, § 9168; C46, 50, 54, 58, 62, 66, § 526.11; C71, 73, 75, 77, 79, 81, § 524.307]          Section History: Recent Form 95 Acts, ch 148, §26; 2004 Acts, ch 1141, §56 Referred to in § 524.314