Iowa § 506.2 Sale of securities restricted

Iowa Statutes

§ 506.2 — Sale of securities restricted

Iowa § 506.2

Title XIIICOMMERCE

Ch. 506DOMESTIC INSURANCE COMPANIES

This text of Iowa § 506.2 (Sale of securities restricted) 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 § 506.2 (2026).

Text

Neither the securities in a domestic insurance company, nor securities in a holding
company, one of the purposes of which is to organize, purchase, or otherwise acquire
control of a domestic insurance company, nor membership in an association in process
of organization shall be sold or solicited until such company or association, and the
promoters thereof, shall have first complied with all of the statutory provisions regulating
the organization of such companies and associations, and also have secured from the
commissioner of insurance a certificate indicating full compliance with the provisions of this
chapter.

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Neither the securities in a domestic insurance company, nor securities in a holding
company, one of the purposes of which is to organize, purchase, or otherwise acquire
control of a domestic insurance company, nor membership in an association in process
of organization shall be sold or solicited until such company or association, and the
promoters thereof, shall have first complied with all of the statutory provisions regulating
the organization of such companies and associations, and also have secured from the
commissioner of insurance a certificate indicating full compliance with the provisions of this
chapter.