524.1412  Publication of notice.

Within thirty days after the application for conversion has been accepted for processing, the national bank or federal savings association shall publish a notice of the delivery of the articles of conversion to the superintendent once each week for two successive weeks in a newspaper of general circulation published in the municipal corporation or unincorporated area in which the national bank or federal savings association has its principal place of business, or if there is none, a newspaper of general circulation published in the county, or in a county adjoining the county, in which the national bank or federal savings association has its principal place of business. The notice shall set forth all of the following:

1.  The name of the national bank or federal savings association and the name of the resulting state bank.

2.  The location and post office address of its principal place of business.

3.  A statement that articles of conversion have been delivered to the superintendent.

4.  The purpose or purposes of the resulting state bank.

5.  The date of delivery of the articles of conversion to the superintendent.

Section History: Early form

  [C54, 58, 62, 66, § 528B.6; C71, 73, 75, 77, 79, 81, § 524.1412]

Section History: Recent form

  95 Acts, ch 148, §117; 98 Acts, ch 1036, §9, 10


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