Iowa § 491.24 Duration

Iowa Statutes

§ 491.24 — Duration

Iowa § 491.24

Title XIIBUSINESS ENTITIES

Ch. 491CORPORATIONS FOR PECUNIARY PROFIT

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Bluebook

Iowa Code § 491.24 (2026).

Text

Corporations for the construction and operation, or the operation alone, of steam railways,
interurban railways, and street railways, or for the transaction of the business of life
insurance, may be formed to endure fifty years; those for other purposes, not to exceed
twenty years; provided, however, that in addition to the power herein granted to incorporate
for a period of years, corporations hereafter organized or now existing may have perpetual
existence by so providing in the articles of incorporation or by amendment thereto pursuant
to section 491.20.

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Corporations for the construction and operation, or the operation alone, of steam railways,
interurban railways, and street railways, or for the transaction of the business of life
insurance, may be formed to endure fifty years; those for other purposes, not to exceed
twenty years; provided, however, that in addition to the power herein granted to incorporate
for a period of years, corporations hereafter organized or now existing may have perpetual
existence by so providing in the articles of incorporation or by amendment thereto pursuant
to section 491.20.