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Code · Iowa · Chapter 524 — Banks

524.816 Deposit account insurance.

53 words·~1 min read·/ia/chapter-524-banks/524-816

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A state bank organized under this chapter shall be an insured bank and shall acquire and maintain insurance from the federal deposit insurance corporation, or its successor, to protect each depositor against loss of funds held on account by the state bank to the extent the federal deposit insurance corporation insures such deposits.
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