# Iowa Code § 524.102: Statement of intent

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.102

## Section

- **Citation:** Iowa Code § 524.102
- **Heading:** Statement of intent
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 524 / Section 524.102

## Text

The general assembly declares as its purpose in adopting this chapter to provide for:

(1) The safe and sound conduct of the business of banking.

(2) The conservation of the assets of state banks.

(3) The maintenance of public confidence in state banks.

(4) The protection of the interests of depositors, creditors, shareholders and of the interest of the public in a sound and strong banking system.

(5) The opportunity for state banks to be competitive with each other and with banks existing under the laws of other states and the United States.

(6) The opportunity for state banks to effectively serve the convenience and banking needs of their depositors, borrowers, and other customers and to participate in and promote the economic progress of Iowa and of the United States.

(7) The opportunity for the management of a state bank to exercise its business judgment, in conducting the affairs of the state bank, to the extent compatible with, and subject to the purposes of this chapter.

(8) The delegation to the superintendent of adequate rulemaking power and administrative discretion, in order that the supervision and regulation of state banks may be flexible and readily responsive to changes in economic conditions and changes in banking and fiduciary practices.

(9) The simplification and modernization of the law governing the business of banking and the exercise of certain fiduciary powers.

(10) The opportunity for state banks to adopt, in a manner that is compatible with and subject to the purposes of this chapter, new and emerging technologies that enhance the efficiency and convenience of banking products and services.

[C71, 73, 75, 77, 79, 81, §524.102]2022 Acts, ch 1062, §4

## Nearby sections

- [Iowa Code § 524.101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.101.md)
- [Iowa Code § 524.102 Statement of intent.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.102.md)
- [Iowa Code § 524.103 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.103.md)
- [Iowa Code § 524.104 Rules of construction.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.104.md)
- [Iowa Code § 524.105 Effect on existing banks.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.105.md)
- [Iowa Code § 524.107 Persons authorized to engage in banking business — educational bank.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.107.md)
- [Iowa Code § 524.108 Applicability of safe deposit provisions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.108.md)
- [Iowa Code § 524.109 Bankers’ bank authorized — authority to hold shares of bankers’ bank.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.109.md)
- [Iowa Code § 524.201 Superintendent of banking.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.201.md)
- [Iowa Code § 524.202 Superintendent — salary.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.202.md)
- [Iowa Code § 524.203 Superintendent vacancy.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.203.md)
- [Iowa Code § 524.204 Deputy superintendent of banking.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.204.md)
- [Iowa Code § 524.205 State banking council.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.205.md)
- [Iowa Code § 524.206 Banking division created.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.206.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.102. Check the current official text before relying on it. Not legal advice.