Section 524.1000 – Reserved.

524.1000 Reserved. Reserved.

Section 524.1001 – Power to act as fiduciary.

524.1001 Power to act as fiduciary. When approving a proposed state bank, or at any time subsequent thereto upon amendment of its articles of incorporation, the superintendent may authorize a state bank to act in a fiduciary capacity. In determining whether the superintendent shall authorize a state bank to act in a fiduciary capacity, the […]

Section 524.1002 – Actions required, permitted, or prohibited in a fiduciary capacity.

524.1002 Actions required, permitted, or prohibited in a fiduciary capacity. The following rules shall be applicable to a state bank acting in the capacity of fiduciary: 1. A state bank shall segregate from its assets all property held as fiduciary, other than items in the course of collection, and shall keep separate records of all […]

Section 524.1003 – Removal of fiduciary powers.

524.1003 Removal of fiduciary powers. 1. a. If the superintendent at any time concludes that a state bank authorized to act in a fiduciary capacity is managing its accounts in an unsafe or unsound manner, or in a manner in conflict with the provisions of this chapter, and such state bank refuses to correct such […]

Section 524.1004 – Voluntary relinquishment of fiduciary capacity.

524.1004 Voluntary relinquishment of fiduciary capacity. 1. A state bank desiring to surrender its authorization to act in a fiduciary capacity, in order to relieve itself of the necessity of complying with the requirements attendant to such capacity, shall file with the superintendent a certified copy of a resolution signifying such intent. In such event […]

Section 524.1005 – Trust companies operating on January 1, 1970.

524.1005 Trust companies operating on January 1, 1970. 1. A trust company existing and operating on January 1, 1970 and which was authorized to act only as a trust company may continue to act only in a fiduciary capacity according to the terms of its articles of incorporation. The articles of incorporation of the trust […]

Section 524.1006 – Banks depositing securities in federally regulated corporation.

524.1006 Banks depositing securities in federally regulated corporation. 1. A bank, either acting as a fiduciary or holding securities as a managing agent or custodian, including a custodian for a fiduciary, may deposit securities in a federally regulated clearing corporation as provided in section 633.89, and in addition may deposit securities, the principal and interest […]

Section 524.1007 – Succession of fiduciary accounts to an affiliate.

524.1007 Succession of fiduciary accounts to an affiliate. 1. A state bank authorized to act in a fiduciary capacity may enter into an agreement for the succession of fiduciary accounts with any of its affiliates which are authorized to act in a fiduciary capacity. In the agreement the succeeding affiliate may agree to succeed the […]

Section 524.1008 – Succession of fiduciary accounts to an independent bank.

524.1008 Succession of fiduciary accounts to an independent bank. 1. a. A state bank authorized to act in a fiduciary capacity may enter into an agreement for the succession of fiduciary accounts with a trust company subsidiary authorized by the superintendent pursuant to section 524.802, subsection 12, paragraph “b”, or one or more other state […]

Section 524.1009 – Succession to fiduciary accounts and appointments — application for appointment of new fiduciary.

524.1009 Succession to fiduciary accounts and appointments — application for appointment of new fiduciary. 1. If a party to a plan of merger was authorized to act in a fiduciary capacity and if the resulting state or national bank is similarly authorized, the resulting state or national bank shall be automatically substituted by reason of […]

Section 524.101 – Short title.

524.101 Short title. This chapter shall be known and may be cited as the “Iowa Banking Act”. [C71, 73, 75, 77, 79, 81, §524.101] 84 Acts, ch 1067, §41

Section 524.1010 – Reserved.

524.1010 Reserved. Reserved.

Section 524.1011 – Reserved.

524.1011 Reserved. Reserved.

Section 524.1012 – Reserved.

524.1012 Reserved. Reserved.

Section 524.1013 – Reserved.

524.1013 Reserved. Reserved.

Section 524.1014 – Reserved.

524.1014 Reserved. Reserved.

Section 524.1015 – Reserved.

524.1015 Reserved. Reserved.

Section 524.1016 – Reserved.

524.1016 Reserved. Reserved.

Section 524.1017 – Reserved.

524.1017 Reserved. Reserved.

Section 524.1018 – Reserved.

524.1018 Reserved. Reserved.