House Study Bill 8

                                       HOUSE FILE       
                                       BY  (PROPOSED COMMITTEE ON
                                            COMMERCE, REGULATION AND
                                            LABOR BILL BY CHAIRPERSON
                                            HANSEN)


    Passed House,  Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act eliminating certain public disclosure requirements by
  2    state banks.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 1569HC 80
  5 av/cl/14

PAG LIN

  1  1    Section 1.  Section 524.541, unnumbered paragraph 1, Code
  1  2 2003, is amended to read as follows:
  1  3    Every state bank shall cause to be kept a full and correct
  1  4 list of the names and addresses of the officers, directors,
  1  5 and shareholders of the state bank, and the number of shares
  1  6 held by each.  The list shall be subject to public inspection
  1  7 during usual business hours.  If an affiliate, as defined in
  1  8 subsection 4 of section 524.1101 is a shareholder in a state
  1  9 bank, such list shall include the names, addresses, and
  1 10 percentage of ownership or interest in the affiliate of the
  1 11 shareholders, members or other individuals possessing a
  1 12 beneficial interest in said affiliate.
  1 13                           EXPLANATION
  1 14    This bill eliminates the requirement that state chartered
  1 15 banks make a list of the names, addresses, and number of
  1 16 shares held by officers, directors, and shareholders of the
  1 17 bank available for public inspection.
  1 18 LSB 1569HC 80
  1 19 av/cl/14
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