Statutes > Iowa Statutes > Title 1 - State Sovereignty and Management > Subtitle 4 - Executive Branch > CHAPTER 12C - DEPOSIT OF PUBLIC FUNDS > 12C.13 - DEPOSIT NOT MEMBERSHIP.

12C.13 - DEPOSIT NOT MEMBERSHIP.

        12C.13  DEPOSIT NOT MEMBERSHIP.
         Notwithstanding chapter 534, the deposit of public funds in a
      credit union defined in section 533.102 or an association defined in
      section 534.102 does not constitute being a shareholder, stockholder,
      or owner of a corporation in violation of Article VIII of the
      Constitution of the State of Iowa or any other provision of law.
         Section History: Recent Form
         84 Acts, ch 1230, § 17
         C85, § 453.13
         C93, § 12C.13
         2007 Acts, ch 174, §77