# Iowa Code § 524.1809: Mutual bank holding companies

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C524_S524.1809

## Section

- **Citation:** Iowa Code § 524.1809
- **Heading:** Mutual bank holding companies
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 524 / Section 524.1809

## Text

(1) A state bank may be owned, directly or indirectly, by a mutual bank holding company.

(2) A mutual holding company authorized pursuant to 12 U.S.C. §1467a and regulations promulgated thereunder may convert to a mutual bank holding company authorized under this chapter.

(3) A mutual corporation may reorganize as a mutual holding company in the manner provided in 12 U.S.C. §1467a(o). The resulting mutual holding company shall be a mutual bank holding company authorized under this chapter.

(4) A mutual bank holding company authorized under this chapter shall also be subject to chapter 490, the Iowa business corporations Act. If a provision of chapter 490 conflicts with the provisions of this chapter or a rule of the superintendent adopted pursuant to this chapter, the provisions of this chapter or rule of the superintendent shall control.

(5) The superintendent may adopt rules pursuant to chapter 17A pertaining to mutual bank holding companies and reorganizations into mutual bank holding companies under this chapter.

2012 Acts, ch 1017, §17, 18

## 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_S524.1809. Check the current official text before relying on it. Not legal advice.