Iowa Admin. Code r. 781-14.9 - Sale or merger of a credit union

The responsibility of a credit union to secure public deposits by a letter of credit shall not be altered by any merger, takeover or acquisition, except to the extent that such duty is assumed by the successor entity. A credit union shall immediately notify the public unit, in writing, of its merger, takeover or acquisition by a successor entity.

Notes

Iowa Admin. Code r. 781-14.9

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