Section 533.311 - Acceptance of deposits and investments while insolvent.

IA Code § 533.311 (2019) (N/A)
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533.311 Acceptance of deposits and investments while insolvent.

When a state credit union is insolvent, the state credit union shall not do either of the following:

1. Accept any deposits or investments in ownership shares.

2. Renew or extend the term of any time deposits or time investments.

2007 Acts, ch 174, §42