533.311 - ACCEPTANCE OF DEPOSITS AND INVESTMENTS WHILE INSOLVENT. - Iowa Statutes

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.          Section History: Recent Form 2007 Acts, ch 174, §42