Iowa § 491.101A Poison pill defense authorized

Iowa Statutes

§ 491.101A — Poison pill defense authorized

Iowa § 491.101A

Title XIIBUSINESS ENTITIES

Ch. 491CORPORATIONS FOR PECUNIARY PROFIT

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Bluebook

Iowa Code § 491.101A (2026).

Text

The terms and conditions of stock rights or options issued by the corporation may include,
without limitation, restrictions or conditions that preclude or limit the exercise, transfer,
or receipt of such rights or options by a person, or group of persons, owning or offering
to acquire a specified number or percentage of the outstanding common shares or other
securities of the corporation, or a transferee of the offeror, or that invalidate or void such
stock rights or options held by an offeror or a transferee of the offeror.

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The terms and conditions of stock rights or options issued by the corporation may include,
without limitation, restrictions or conditions that preclude or limit the exercise, transfer,
or receipt of such rights or options by a person, or group of persons, owning or offering
to acquire a specified number or percentage of the outstanding common shares or other
securities of the corporation, or a transferee of the offeror, or that invalidate or void such
stock rights or options held by an offeror or a transferee of the offeror.