Iowa Statutes
§ 493.4 — Sale value
Iowa § 493.4
This text of Iowa § 493.4 (Sale value) 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 § 493.4 (2026).
Text
Subject to any limitations and restrictions set forth in the articles of incorporation, or
amendment thereto, any such corporation may issue its authorized capital stock without
par value for such consideration as may be prescribed in the articles of incorporation, or
amendment thereto, or, if not prescribed, then for such consideration as may be fixed by
resolution passed by the stockholders of such corporation at any annual meeting thereof,
or at any special meeting thereof duly called for that purpose, or by the board of directors
acting under authority of such stockholders given in like manner. In the absence of fraud in
the transaction, the judgment of the board of directors in fixing and determining such sale
value shall be conclusive as to the creditors and stockholders. Nothing in
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
[C31, 35, §8419-c4; C39, §8419.04; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §493.4]
Nearby Sections
12
§ 493.1
Authorization§ 493.10
Convertibility§ 493.11
Incorporation fee — computation§ 493.12
Applicability of statutes§ 493.3
Amount of stock§ 493.4
Sale value§ 493.5
Liability of holder§ 493.6
Status of stock§ 493.7
Certificates of stock§ 493.8
Number of shares§ 493.9
Change in stockCite This Page — Counsel Stack
Bluebook (online)
Iowa § 493.4, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/493.4.