12C.13  Deposit not membership.
  Notwithstanding chapter 524, the deposit of public funds in a credit union as defined in section 533.102 or a mutual corporation as defined in section 524.103 does not constitute being a shareholder, stockholder, or owner of a corporation in violation of Article VIII of the Constitution of the State of Iowa or any other provision of law.
84 Acts, ch 1230, §17

2007 Acts, ch 174, §77; 2012 Acts, ch 1017, §37
Section amended