Iowa Statutes
§ 493.5 — Liability of holder
Iowa § 493.5
This text of Iowa § 493.5 (Liability of holder) 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 § 493.5 (2026).
Text
Any and all shares without par value issued for the consideration as prescribed or fixed
in section 493.4 shall be deemed fully paid and nonassessable and the holder of such shares
shall not be liable to the corporation or to its creditors in respect thereto.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
[C31, 35, §8419-c5; C39, §8419.05; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §493.5]
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 § 493.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/493.5.