Senate File 186

                                       SENATE FILE       
                                       BY  COMMITTEE ON COMMERCE

                                       (SUCCESSOR TO SSB 1007)
                                       (COMPANION TO HF 215 BY
                                        COMMITTEE ON COMMERCE,
                                        REGULATION AND LABOR)

    Passed Senate,  Date               Passed House, 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 1569SV 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 1569SV 80
  1 19 av/cl/14
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