The Iowa Business Corporation Act & the Impact on Community Banks
Posted on 09/15/2021 at 09:05 AM by Bradley Kruse
Chapter 490 of the Iowa Code, the Business Corporation Act, was significantly revised in 2021 – the first comprehensive revision in more than 30 years.
The new version of the Act significantly impacts a large percentage of banks and the banking community in Iowa because many financial institutions operate under a Bank Holding Company structure. The changes also impact non-holding company operated banks.
Attorney Brad Kruse recently provided his insight on the changes to Chapter 490 in his presentation at the Dickinson Law Banking Virtual Seminar. However, since the Act has a big impact on community banking, we’re making his session available to all clients and financial institutions On Demand.
You’ll find Kruse’s remarks at 3:48:55.
Questions, Contact us today.
The material, whether written or oral (including videos) that is posted on the various blogs of Dickinson Law is not intended, nor should it be construed or relied upon, as legal advice. The opinions expressed in the various blog posting are those of the individual author, they may not reflect the opinions of the firm. Your use of the Dickinson Law blog postings does NOT create an attorney-client relationship between you and Dickinson, Mackaman, Tyler & Hagen, P.C. or any of its attorneys. If specific legal information is needed, please retain and consult with an attorney of your own selection.