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Financial Services Law Insights and Observations

Iowa Division of Credit Unions issues update on annual meeting requirements

State Issues Covid-19 Iowa Credit Union

State Issues

On March 16, the Iowa Division of Credit Unions issued an update enabling greater flexibility for holding annual meetings in 2020. The update stipulates that as long as the credit union in question held an annual meeting in 2019, it would have the full 2020 calendar to hold its next meeting. The update also mentioned the potential for waiving the annual meeting requirement altogether, but explained no such waiver was yet necessary.

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