524.1212 - LOCATION OF SATELLITE TERMINALS.
524.1212 LOCATION OF SATELLITE TERMINALS. Any state bank may utilize a satellite terminal, as defined in section 527.2, when that satellite terminal is lawfully being operated, at any location within this state. Any transaction engaged in through the use of a satellite terminal shall be deemed to take place at the principal place of business of a bank whose accounts and records are affected by the transaction.
Section History: Early Form [C77, 79, 81, § 524.1212; 81 Acts, ch 173, § 8]
Section History: Recent Form 2001 Acts, ch 4, §6, 11 Referred to in § 524.1204