Iowa Code (Last Updated: December 05, 2016)

Section 524.614. Honorary and advisory directors.

Latest version.

The board of directors of a state bank may appoint an individual as an honorary director, director emeritus, or member of an advisory board. An individual so appointed shall not vote at any meeting of the board of directors, shall not be counted in determining a quorum, and shall not be charged with any responsibilities or be subject to any liabilities imposed upon directors by this chapter.
[C71, 73, 75, 77, 79, 81, §524.614]
95 Acts, ch 148, §70

                    
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