Iowa § 536A.8 Capital stock requirement

Iowa Statutes

§ 536A.8 — Capital stock requirement

Iowa § 536A.8

Title XIIICOMMERCE

Ch. 536AINDUSTRIAL LOANS

This text of Iowa § 536A.8 (Capital stock requirement) 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 § 536A.8 (2026).

Text

The paid-in capital stock of any corporation engaged in the business of operating an
industrial loan company shall not be less than twenty-five thousand dollars when the
corporation is transacting business in any city having less than twenty-five thousand
inhabitants according to the last preceding decennial census. The paid-in capital stock of
any corporation engaged in the business of operating an industrial loan company in any
city having a population of more than twenty-five thousand inhabitants according to the last
preceding decennial census shall not be less than fifty thousand dollars. The paid-in capital
stock of any corporation engaged in the business of operating an industrial loan company
outside the limits of any incorporated city shall not be less than fifty thousand dollars.

Free access — add to your briefcase to read the full text and ask questions with AI

The paid-in capital stock of any corporation engaged in the business of operating an
industrial loan company shall not be less than twenty-five thousand dollars when the
corporation is transacting business in any city having less than twenty-five thousand
inhabitants according to the last preceding decennial census. The paid-in capital stock of
any corporation engaged in the business of operating an industrial loan company in any
city having a population of more than twenty-five thousand inhabitants according to the last
preceding decennial census shall not be less than fifty thousand dollars. The paid-in capital
stock of any corporation engaged in the business of operating an industrial loan company
outside the limits of any incorporated city shall not be less than fifty thousand dollars. Every
corporation engaged in the industrial loan business in the state of Iowa shall have a surplus
of not less than ten percent of its paid-in capital stock.