Iowa Administrative Code
Agency 781 - Treasurer of State
Chapter 3 - Deposit and Security of Public Funds in Savings and Loans
Rule 781-3.9 - Sale or Merger of a Savings and Loan
Universal Citation: IA Admin Code 781-3.9
Current through Register Vol. 47, No. 6, September 18, 2024
The responsibility of a savings and loan to secure uninsured public deposits shall not be altered by any merger, takeover or acquisition, except to the extent that such duty is assumed by the successor entity. A savings and loan shall immediately notify the public unit in writing of its merger, takeover or acquisition by a successor entity.
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