Iowa § 493.1 Authorization

Iowa Statutes

§ 493.1 — Authorization

Iowa § 493.1

Title XIIBUSINESS ENTITIES

Ch. 493STOCK WITHOUT PAR VALUE

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Bluebook

Iowa Code § 493.1 (2026).

Text

Any corporation, heretofore or hereafter organized for pecuniary profit under the laws of
this state, except state banks, trust companies, and insurance companies, may create one
or more classes of stock without any nominal or par value, with such rights, preferences,
privileges, voting powers, limitations, restrictions and qualifications thereon not inconsistent
with law as shall be expressed in its articles of incorporation, or any amendment thereto.
Stock without par value which is preferred as to dividends, or as to its distributive share of
the assets of the corporation upon dissolution, may be made subject to redemption at such
times and prices as may be determined in such articles of incorporation, or any amendment
thereto. In the case of stock without par value which is preferred a

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Any corporation, heretofore or hereafter organized for pecuniary profit under the laws of
this state, except state banks, trust companies, and insurance companies, may create one
or more classes of stock without any nominal or par value, with such rights, preferences,
privileges, voting powers, limitations, restrictions and qualifications thereon not inconsistent
with law as shall be expressed in its articles of incorporation, or any amendment thereto.
Stock without par value which is preferred as to dividends, or as to its distributive share of
the assets of the corporation upon dissolution, may be made subject to redemption at such
times and prices as may be determined in such articles of incorporation, or any amendment
thereto. In the case of stock without par value which is preferred as to its distributive share of
the assets of the corporation upon dissolution, the amount of such preference shall be stated
in the articles of incorporation, or any amendment thereto.