Iowa § 504.1401 Dissolution by incorporators or directors and third persons

Iowa Statutes

§ 504.1401 — Dissolution by incorporators or directors and third persons

Iowa § 504.1401

Title XIIBUSINESS ENTITIES

Ch. 504REVISED IOWA NONPROFIT CORPORATION ACT

This text of Iowa § 504.1401 (Dissolution by incorporators or directors and third persons) 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 § 504.1401 (2026).

Text

1.A majority of the incorporators of a corporation that has no directors and no members or a majority of the directors of a corporation that has no members may, subject to any approval required by the articles or bylaws, dissolve the corporation by delivering articles of dissolution to the secretary of state.

2.The corporation shall give notice of any meeting at which dissolution will be approved. The notice must be in accordance with section 504.823, subsection 3. The notice must also state that the purpose, or one of the purposes, of the meeting is to consider dissolution of the corporation.

3.Theincorporatorsordirectorsinapprovingdissolutionshalladoptaplanofdissolution indicating to whom the assets owned or held by the corporation will be distributed after all creditors have been pai

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1. A majority of the incorporators of a corporation that has no directors and no members
or a majority of the directors of a corporation that has no members may, subject to any
approval required by the articles or bylaws, dissolve the corporation by delivering articles
of dissolution to the secretary of state.
2. The corporation shall give notice of any meeting at which dissolution will be approved.
The notice must be in accordance with section 504.823, subsection 3. The notice must also
state that the purpose, or one of the purposes, of the meeting is to consider dissolution of the
corporation.
3. Theincorporatorsordirectorsinapprovingdissolutionshalladoptaplanofdissolution
indicating to whom the assets owned or held by the corporation will be distributed after all
creditors have been paid.