524.311 - COMMISSION FOR ORGANIZING STATE BANKS.
524.311 COMMISSION FOR ORGANIZING STATE BANKS. No person shall, directly or indirectly, receive or contract to receive any commission or bonus of any kind for organizing any state bank or for securing a subscription to the original capital of any state bank or to any increase thereof; provided that this section shall not be construed as prohibiting the payment of reasonable compensation for legal or accounting services in connection with organization.
Section History: Early Form [C24, 27, 31, 35, 39, § 9275; C46, 50, 54, 58, 62, 66, § 528.74; C71, 73, 75, 77, 79, 81, § 524.311] Referred to in § 524.1610