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 28, 2025
- Done: SubcommitteeJanuary 28, 2025
- Done: House committeeFebruary 6, 2025
- Skipped: Passes the HouseContinued as HF 311
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 311 → Its progress continues under the new number. Go to HF 311 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 meetings every year, but they would be required to meet at least once every three months.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.
House subcommittee
Named January 28, 2025. On February 3, 2025 it recommended amendment and 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