524.611 Oath of directors.
110 words·~1 min read·
/ia/chapter-524-banks/524-611·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. Each director of a state bank, before acting as a director, shall take an oath that the director will diligently, faithfully, and impartially perform the duties imposed upon the director by law, that the director will not knowingly violate or willingly permit a violation of any of the provisions of this chapter, and that the director meets the eligibility requirements of this chapter.
2. The oath shall be signed by the director, acknowledged before an individual authorized to perform notarial acts, and delivered to the superintendent.
[C97, §1845; C24, 27, §9167; C31, 35, 39, §9224; C46, 50, 54, 58, 62, 66, §528.16; C71, 73, 75, 77, 79, 81, §524.611]