No director of a state bank shall:
1. Receive anything of value for procuring, or attempting to procure, any loan or extension of credit resulting, or which would result, in an obligation, as defined in subsection 1 of section 524.904, to the state bank or for procuring, or attempting to procure, an investment by the state bank, of which the person is a director.
2. Overdraw the director's deposit account in the state bank.
[C31, 35, § 9221-c3; C39, § 9221.3; C46, 50, 54, 58, 62, 66, § 528.10; C71, 73, 75, 77, 79, 81, § 524.613]
Referred to in § 524.1601, 524.1806
Iowa General Assembly
Search: Iowa Code 1995
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