524.1406 Appraisal rights of shareholders.
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/ia/chapter-524-banks/524-1406·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. A shareholder of a state bank, which is a party to a proposed plan of merger which will result in a state bank subject to this chapter, who objects to the plan of merger is entitled to appraisal rights as provided in chapter 490, subchapter XIII.
2. If a shareholder of a national bank which is a party to a proposed plan of merger which will result in a state bank, or a shareholder of a state bank which is a party to a plan of merger which will result in a national bank, objects to the plan of merger and complies with the requirements of the applicable laws of the United States, the resulting state bank or national bank, as the case may be, is liable for the value of the shareholder’s shares as determined in accordance with such laws of the United States.
[C54, 58, 62, 66, §528B.9; C71, 73, 75, 77, 79, 81, §524.1406]
90 Acts, ch 1205, §47; 95 Acts, ch 148, §114; 99 Acts, ch 162, §1; 99 Acts, ch 208, §59; 2000 Acts, ch 1211, §3; 2002 Acts, ch 1154, §116, 125; 2008 Acts, ch 1119, §11; 2010 Acts, ch 1138, §57; 2011 Acts, ch 34, §121; 2014 Acts, ch 1001, §4; 2014 Acts, ch 1076, §20; 2019 Acts, ch 24, §104; 2022 Acts, ch 1062, §122
Referred to in §524.1405