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524.105 Effect on existing banks.

1. The corporate existence of a state bank existing and operating on January 1, 1970, shall not be affected by the enactment of this chapter.

2. All state banks shall be subject to the provisions and requirements of this chapter in every particular, and all national banks, now or hereafter doing business in this state, shall be subject to the provisions of this chapter, to the extent applicable, from January 1, 1970.

Section History: Early form

[C71, 73, 75, 77, 79, 81, § 524.105]

Internal References

Referred to in § 680.8

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