Iowa Code (Last Updated: December 05, 2016)

Section 533.311. Acceptance of deposits and investments while insolvent.

Latest version.

  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.
2007 Acts, ch 174, §42

                    
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