524.311 Commission for organizing state banks.
89 words·~1 min read·
/ia/chapter-524-banks/524-311A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No person shall, directly or indirectly, receive or contract to receive any commission or bonus of any kind for organizing any state bank or for securing a subscription to the original capital of any state bank or to any increase thereof; provided that this section shall not be construed as prohibiting the payment of reasonable compensation for legal or accounting services in connection with organization.
[C24, 27, 31, 35, 39, §9275; C46, 50, 54, 58, 62, 66, §528.74; C71, 73, 75, 77, 79, 81, §524.311]
Referred to in §524.1610