1. A state bank shall render a full, clear, and accurate statement of its condition to the superintendent, on forms to be supplied by the superintendent, verified by the oath of an officer and attested by the signatures of at least three of the directors, or verified by the oath of two of its officers and attested by two of the directors. The superintendent may, in the superintendent's discretion, use any form of statement of condition that is used by the federal deposit insurance corporation or the federal reserve system.
2. The statement shall be transmitted to the superintendent within thirty days after the receipt of a request for the statement from the superintendent. A statement shall be called for by the superintendent at least three times each year.
3. Within forty days after the date of the receipt of the request for a statement of condition, the state bank shall cause the statement to be published once in a newspaper of general circulation in the municipal corporation or unincorporated area in which the state bank has its principal place of business, or if there is none, in a newspaper of general circulation published in the county, or in a county adjoining the county, in which the state bank has its principal place of business. Proof of such publication by affidavit of the publisher of the newspaper in which it was made, shall be delivered to the superintendent and shall be conclusive evidence of the fact.
4. The superintendent shall also have power to call for special reports from a state bank whenever in the superintendent's judgment the same are necessary in order to obtain a full and complete knowledge of its condition. Such reports shall be verified and attested in the same manner as required in subsection 1 of this section.
[R60, § 1636, 1637; C73, § 1570, 1571; C97, § 1872, 1873, 1874; S13, § 1873, 1889-m; C24, 27, 31, 35, 39, § 9228, 9229, 9231, 9232, 9234, 9305; C46, 50, 54, 58, § 528.22, 528.23, 528.25, 528.26, 528.28, 532.20; C62, 66, § 528.22, 528.23, 528.25, 528.26, 528.28; C71, 73, 75, 77, 79, 81, § 524.220]
Iowa General Assembly
Search: Iowa Code 1995
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