Iowa § 491.59 Levy on private property

Iowa Statutes

§ 491.59 — Levy on private property

Iowa § 491.59

Title XIIBUSINESS ENTITIES

Ch. 491CORPORATIONS FOR PECUNIARY PROFIT

This text of Iowa § 491.59 (Levy on private property) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 491.59 (2026).

Text

In none of the cases contemplated in this chapter can the private property of the
stockholders be levied upon for the payment of corporate debts while corporate property can
be found with which to satisfy the same; but it will be sufficient proof that no property can
be found, if an execution has issued on a judgment against the corporation, and a demand
has been thereon made of some one of the last acting officers of the body for property on
which to levy, and the officer neglects to point out any such property.

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In none of the cases contemplated in this chapter can the private property of the
stockholders be levied upon for the payment of corporate debts while corporate property can
be found with which to satisfy the same; but it will be sufficient proof that no property can
be found, if an execution has issued on a judgment against the corporation, and a demand
has been thereon made of some one of the last acting officers of the body for property on
which to levy, and the officer neglects to point out any such property.