What changed in HF 465
The bill as introduced, compared with the version both chambers passed (90th General Assembly).
It passed exactly as introduced.
Removed AddedIntroduced textText as passedAmendments
Compares wording only. The printed bills also mark changes to existing law with strikes and underlines, which aren’t shown here.
Section 1. Section 518.7, Code 2023, is amended to read as follows: 518.7 Officers and directors —— election. Officers or directors shall be elected in the manner and for the length of time prescribed in the articles of incorporation. The same person shall not simultaneously hold the offices of president and secretary. A director shall be a member of the association unless otherwise approved by the commissioner.
3 unchanged passages
Sec.
2. Section 518A.6, Code 2023, is amended to read as follows: 518A.6 Officers —— election. Officers or directors shall be elected in the manner and for the length of time prescribed in the articles of incorporation or bylaws. The same person shall not simultaneously hold the offices of president and secretary. A director shall be a member of the association unless otherwise approved by the commissioner.
Sec.
3. EFFECTIVE DATE. This Act, being deemed of immediate importance, takes effect upon enactment.