524.545 Options for shares.
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/ia/chapter-524-banks/524-545A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A state bank incorporated as a stock corporation may authorize the granting of options to officers and employees to purchase unissued shares of the state bank in accordance with a plan approved by the superintendent.
[C71, 73, 75, 77, 79, 81, §524.520]
CS95, §524.545
2012 Acts, ch 1017, §13, 18