The shareholders of a state bank shall fix the compensation of directors for their services as members of the board of directors.
A director who is also a salaried officer or employee of the state bank of which the person is a director shall receive no additional compensation as director. Directors may be reimbursed for reasonable expenses incurred in the performance of their duties.
[C97, § 1869, 1871; S13, § 1869, 1871; C24, 27, 31, 35, 39, § 9219, 9227; C46, 50, 54, 58, 62, 66, § 528.5, 528.21; C71, 73, 75, 77, 79, 81, § 524.610; 81 Acts, ch 173, § 1]
Iowa General Assembly
Search: Iowa Code 1995
© 1996 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Thu Feb 8 18:14:51 CST 1996
URL: /IACODE/1995/524/610.html
jhf