COMPILED CODE - Iowa Legislature - State of Iowa

393
Tit. XX, Ch. 1. BUILDING AND LOAN ASSOCIATIONS. §§ 5852-a2-5856.
12 3. Associations in excess of three hundred thousand dollars and
13 less than five hundred thousand dollars, two and one-quarter per cent.
14 4. Associations with assets in excess of five hundred thousand
15 dollars and less than eight hundred thousand dollars, one and three-
16 quarters per cent.
17 5. Associations with assets in excess of eight hundred thousand
18 dollars and less than one million dollars, one and one-half per cent.
- 19 6. Associations with assets in excess of one million dollars, one
20 per cent.
[S., '13, § 1902-a; 39 G. A., ch. 269, § 1.]
SEC. 6862-a2. Compensation of officers and agents.
No officer, employee or agent of any association shall receive directly
or indirectly any salary or other compensation, except for services
actually rendered. Any compensation paid in violation of this
section may be recovered by the association or by any shareholder or
borrower, in the name and for the use of such association, within
three years from the receipt of such illegal compensation, from the
person accepting the same or from any officer knowingly consenting
to the allowance thereof.
[S., '13, § 1902-a; 39 G. A., ch. 269, § 2.]
SEC. 6856. Examination.
At least once in each year the auditor of state shall, by himself
or some competent person appointed by him, make an examination of
all domestic and foreign building and loan and savings' and loan associations
doing business in this state, and may examine under oath
any officer, agent or employee of the association, or other person, and
may compel the production of its books and papers, and for this purpose
such examiner shall have the same power as the district court
to secure the attendance of witnesses and the production of such books
and papers, and to punish as for contempt. If the examination is
made by the auditor in person, he shall receive his actual expenses.
If by another, his actual expenses and the per diem fixed by law,
which in either case shall be paid by the association examined. A
record of such examination shall be kept in the auditor's office, showing
in detail as to each association all matters connected with the
conduct of the business, its financial standing and everything touching
its solvency, plan of business, and integrity. If the report is made
by another than the auditor, it shall be under oath. Examinations
may be made at such other times as the auditor may order. If any
such association refuse to submit to such examination, the auditor
shall revoke its certificate of authority.
[C, '97, § 1904; 39 G. A., ch. 209, § 57.]