Amends requirements for state bank board of directors and their regular meetings.

Senate Study Bill 1070 amends the Code to change the composition of a state bank's board of directors. The board must consist of five or more directors who are at least 18 years old, with at least three being residents of Iowa and U.S. citizens. The bill also mandates that the board hold at least nine regular meetings each calendar year, with no more than one meeting per month and at least one meeting per quarter. Directors can participate in meetings via any communication method that allows all directors to hear each other simultaneously.

Amends requirements for state bank board of directors and their regular meetings.

Senate Study Bill 1070 amends the Code to change the composition of a state bank's board of directors. The board must consist of five or more directors who are at least 18 years old, with at least three being residents of Iowa and U.S. citizens. The bill also mandates that the board hold at least nine regular meetings each calendar year, with no more than one meeting per month and at least one meeting per quarter. Directors can participate in meetings via any communication method that allows all directors to hear each other simultaneously.