# Iowa Code § 524.109: Bankers’ bank authorized — authority to hold shares of bankers’ bank

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.109

## Section

- **Citation:** Iowa Code § 524.109
- **Heading:** Bankers’ bank authorized — authority to hold shares of bankers’ bank
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 524 / Section 524.109

## Text

(1) A state bank may be organized under this chapter as a bankers’ bank. The bankers’ bank is subject to all rights, privileges, duties, restrictions, penalties, liabilities, conditions, and limitations applicable to a state bank generally, except as limited in the definition of bankers’ bank contained in section 524.103. However, a bankers’ bank shall have the same powers as those granted by federal law and regulation to a national bank organized as a bankers’ bank under 12 U.S.C. §27.

(2) A state bank shall have the power to acquire and hold the shares in one or more bankers’ banks or bank holding companies which own a bankers’ bank in a total amount not to exceed five percent of the state bank’s aggregate capital. A state bank shall not own, directly or indirectly, more than five percent of any class of voting shares of a bankers’ bank.

85 Acts, ch 252, §33; 95 Acts, ch 148, §7; 2022 Acts, ch 1062, §10

## 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)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.109. Check the current official text before relying on it. Not legal advice.