Bill > SSB1070

Introduced Session

This bill relates to the requirements to serve on the board of directors (board) of a state bank, and the regular meetings of a board. Under current law, a board consists of five or more directors 18 years of age or older, a majority of whom are residents of the state of Iowa and citizens of the United States. Under the bill, a board consists of five or more directors 18 years of age or older, at least three of whom are residents of the state of Iowa and citizens of the United States. Under current law, a board shall hold at least nine regular meetings each calendar year, and no more than one regular meeting shall be held in any one calendar month. Under the bill, a board shall hold at least nine regular meetings each S.F. _____ calendar year, and at least one regular meeting shall occur in each quarter of a calendar year.

Committee Categories

No sponsors listed

Other Sponsors (1)

Committee report approving bill, renumbered as SF 413. (on 02/20/2025)

Official Document