Ask Reggi Your Question Now
Can you summarize IACO 524.1801?
BANKS > Definitions.
Short Summary
This subchapter provides definitions for various terms related to banks and bank holding companies in Iowa. It defines terms such as ‘bank holding company’, ‘company’, ‘control’, ’location’, and ‘out-of-state bank holding company’. The definitions are based on the corresponding definitions provided in 12 U.S.C. 1841. The subchapter clarifies the location of a bank or bank holding company based on its principal place of business or main office for a bank, and its home state as determined under 12 U.S.C. 1841(o)(4) for a bank holding company. This subchapter is referenced in other sections of the Iowa Code related to banks and bank holding companies.
Whom does it apply to?
The definitions provided in this subchapter apply to banks and bank holding companies in Iowa.
What does it govern?
This subchapter governs the definitions related to banks and bank holding companies in Iowa.
What are exemptions?
No exemptions are mentioned in this subchapter.
What are the Penalties?
No penalties are mentioned in this subchapter.
Jurisdiction
Iowa