Bills › 91st General Assembly
Relating to requirements for, and regular meetings of, the board of directors of a state bank
Topics:Business & economy
Where it is now
- Done: IntroducedJanuary 29, 2025
- Done: SubcommitteeJanuary 29, 2025
- Done: Senate committeeFebruary 20, 2025
- Skipped: Passes the SenateContinued as SF 413
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 413 → Its progress continues under the new number. Go to SF 413 What’s a funnel?
What’s in it
AI summary State bank boards would only need at least three members who live in Iowa and are U.S. citizens, instead of a majority of the board. These boards must still hold at least nine regular meetings every year. The new rules also require that at least one meeting happens during every three-month period of the year.1
Read the official explanation
This bill relates to the requirements to serve on the board of directors (board) of a state bank, and the regular meetings of a board. Under current law, a board consists of five or more directors years of age or older, a majority of whom are residents of the state of Iowa and citizens of the United States. Under the bill, a board consists of five or more directors years of age or older, at least three of whom are residents of the state of Iowa and citizens of the United States. Under current law, a board shall hold at least nine regular meetings each calendar year, and no more than one regular meeting shall be held in any one calendar month. _____ calendar year, and at least one regular meeting shall occur in each quarter of a calendar year.
Changed since by amendment H-8001; see Amendments.
Senate subcommittee
Named January 29, 2025. On February 19, 2025 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Lobbying
4 for · 0 against · 4 undecided · Who →
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91st General Assembly