A bill for an act relating to requirements for, and regular meetings of, the board of directors of a state bank, and electronic activities of a state bank.

Summary

The bill changes the makeup of state bank boards, requiring at least three directors to live in Iowa and that a majority be U.S. citizens. It also mandates a minimum of nine board meetings each year with at least one meeting each quarter, and permits directors to join meetings electronically as long as all can hear each other.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share