State Codes and Statutes
Statutes >
Iowa >
Title-1 >
Subtitle-4 >
Chapter-12c >
12c-27
12C.27 FAILURE TO MAINTAIN REQUIRED COLLATERAL.
If the treasurer of state determines that a bank fails to comply
with section 12C.22, subsections 2 and 3, the treasurer of state may
restrict that bank from accepting uninsured public funds and shall
notify the office of thrift supervision, the office of the
comptroller of the currency, or the superintendent as applicable, who
may take such action against the bank, its board of directors and
officers as permitted by law. Section History: Recent Form
2002 Acts, ch 1096, §13, 17; 2003 Acts, ch 179, §93
