Iowa Code
Iowa Code § 524.1805 (2026)
Restrictions on acquisitions and mergers
✓ current as of July 2026
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An out-of-state bank or out-of-state bank holding company that is organized under laws other than those of this state is subject to and shall comply with the provisions of chapter 490, subchapter XV, relating to foreign corporations, and shall immediately provide the superintendent of banking with a copy of each filing submitted to the secretary of state under chapter 490, subchapter XV. [C73, 75, 77, 79, 81, §524.1805] 96 Acts, ch 1056, §19; 97 Acts, ch 50, §2; 2007 Acts, ch 88, §17; 2012 Acts, ch 1017, §120; 2016 Acts, ch 1011, §103; 2019 Acts, ch 24, §104; 2022 Acts, ch 1062, §143 Referred to in §524.1807
\nNotes of Decisions
Cited in 4
cases, 1975–2015 · leading case: Ne. Bancorp, Inc. v. Bd. of Governors of the Fed. Reserve Sys., 472 U.S. 159 (1985).
Ne. Bancorp, Inc. v. Bd. of Governors of the Fed. Reserve Sys., 472 U.S. 159 (1985). “For example, Iowa passed a grandfathering statute which had the effect of permitting the only out-of-state bank holding company owning an Iowa bank to maintain and expand its in-state banking activities, Iowa Code § 524.”
Iowa Indep. Bankers, an Iowa Nonprofit Corp. v. Bd. of Governors of the Fed. Reserve Sys., Nw. Bancorporation, Intervenor, 511 F.2d 1288 (D.C. Cir. 1975). “Iowa Code Ann. § 524.1805 (Supp.1974— 1975).”
Huston v. Bd. of Governors of Fed. Reserve Sys., 758 F.2d 275 (8th Cir. 1985). “EXTENT OF THE BOARD’S RESPONSIBILITIES UNDER THE DOUGLAS AMENDMENT FOR INTERPRETING AND ENFORCING STATE LAW The Superintendent’s first argument concerns the proper interpretation of the Douglas Amendment, and of Iowa Code § 524.1805 (1983). The Douglas Amendment, the…”
Graphic Packaging Corp. v. Glenn Hegar, Comptroller of Pub. Accounts of the State of Texas & Ken Paxton, Attorney Gen. of the State of Texas (Tex. App. 2015). “grandfathering statute which had the effect of permitting the only out-of-state bank holding company owning an One predictable effect of the regionally restrictive Iowa bank to maintain and expand its in-state banking statutes will apparently be to allow the growth of regional…”
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