Iowa Statutes

§ 495.5 — Violations — stock void

Iowa § 495.5
JurisdictionIowa
Title XIIBUSINESS ENTITIES
Ch. 495FOREIGN PUBLIC UTILITY CORPORATIONS

This text of Iowa § 495.5 (Violations — stock void) 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 § 495.5 (2026).

Text

Shares of capital stock of any corporation owned or controlled in violation of this chapter shall be void and the holder of such shares shall not be entitled to exercise the powers of a shareholder of the corporation or permitted to participate in or be entitled to any of the benefits accruing to shareholders of the corporation. This chapter shall be construed so as to prevent evasion and to accomplish the intents and purposes of this chapter.

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Legislative History

[S13, §1641-p; C24, 27, 31, 35, 39, §8437; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §495.5]

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Bluebook (online)
Iowa § 495.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/495.5.