Bill Text: IA HSB550 | 2013-2014 | 85th General Assembly | Introduced
Bill Title: A study bill relating to the determination of fair value for shares of banks and bank holding companies in transactions providing appraisal rights for dissenting shareholders.
Spectrum: Unknown
Status: (N/A - Dead) 2014-01-27 - In Commerce [HSB550 Detail]
Download: Iowa-2013-HSB550-Introduced.html
House
Study
Bill
550
-
Introduced
HOUSE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
COMMERCE
BILL
BY
CHAIRPERSON
COWNIE)
A
BILL
FOR
An
Act
relating
to
the
determination
of
fair
value
for
shares
1
of
banks
and
bank
holding
companies
in
transactions
2
providing
appraisal
rights
for
dissenting
shareholders.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
5672YC
(3)
85
rn/nh
H.F.
_____
Section
1.
Section
490.1301,
subsection
4,
paragraph
b,
1
Code
2014,
is
amended
by
striking
the
paragraph.
2
Sec.
2.
Section
490.1330,
subsection
6,
Code
2014,
is
3
amended
by
striking
the
subsection.
4
Sec.
3.
Section
524.1406,
subsection
3,
Code
2014,
is
5
amended
by
striking
the
subsection.
6
EXPLANATION
7
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
8
the
explanation’s
substance
by
the
members
of
the
general
assembly.
9
This
bill
repeals
Code
provisions
that
permit
the
use
of
10
discounts
for
minority
status
and
lack
of
marketability
in
11
determining
the
fair
value
of
shares
of
banks
and
bank
holding
12
companies
in
transactions
that
provide
appraisal
rights
for
13
dissenting
shareholders.
14
-1-
LSB
5672YC
(3)
85
rn/nh
1/
1
