§ 491.28 — Filing with secretary of state — fees — certificate of renewal

Iowa § 491.28

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 491: CORPORATIONS FOR PECUNIARY PROFIT

Text

1. Upon filing with the secretary of state the said certificate and articles of incorporation,
and upon the payment to the secretary of state of the fees prescribed by section 491.11 for
newly organized corporations, the secretary of state shall issue a proper certificate for the
renewal of the corporation.
2. Whenever, after timely notice has been received that its articles of incorporation will
expire and the corporate existence of any corporation has expired and not been renewed
within the period prescribed by statute, said corporation thereafter files with the secretary
of state amended and substituted articles of incorporation for the purpose of renewing and
extending its corporate existence, the secretary of state shall cause said corporation to file
satisfactory proof that no judgments against said corporation or the stockholders thereof
are outstanding which may be liens against said corporation and that there is no pending
litigation involving said corporation or the corporate existence of said corporation. Upon the
filingofsaidproofthesecretaryofstatemayacknowledgeandfileforrecordtheamendedand
substituted articles of said corporation and issue a certificate of renewal upon the payment
of the renewal fees required by statute, however, the secretary of state shall charge and
collectanadditionaltenpercentofsaidrenewalfeesforeachmonthormajorfractionthereof
said corporation was delinquent in renewal of its corporate existence as a penalty, but in no
instance shall such additional delinquency fee be less than one hundred dollars and not more
than one thousand dollars. Said certificate of renewal when issued shall have the same force
and effect as though issued upon proper and timely application by said corporation and it
shall date from the expiration of the corporate period which it succeeds.

Legislative History

[S13, §1618; C24, 27, 31, 35, 39, §8368; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §491.28]