Chapter 490 of the Iowa Code, the Business Corporation Act, was significantly revised in 2021 – the first comprehensive revision in more than 30 years.
The new version of the Act significantly impacts a large percentage of banks and the banking community in Iowa because many financial institutions operate under a Bank Holding Company structure. The changes also impact non-holding company operated banks.
Attorney Brad Kruse recently provided his insight on the changes to Chapter 490 in his presentation at the Dickinson Law Banking Virtual Seminar. However, since the Act has a big impact on community banking, we’re making his session available to all clients and financial institutions On Demand.
You’ll find Kruse’s remarks at 3:48:55.