Location of satellite terminals.

Any state bank may utilize a satellite terminal, as defined in section 527.2 , when that satellite terminal is lawfully being operated, at any location within this state. Any transaction engaged in through the use of a satellite terminal shall be deemed to take place at the principal place of business of a bank whose accounts and records are affected by the transaction. [C77, 79, 81, §524.1212 ; 81 Acts, ch 173, §8 ] 2001 Acts, ch 4, §6, 11 Referred to in §524.1204