Iowa § 554.8210 Overissue

Iowa Statutes

§ 554.8210 — Overissue

Iowa § 554.8210

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.8210 (Overissue) 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 § 554.8210 (2026).

Text

1.In this section, “overissue” means the issue of securities in excess of the amount the issuer has corporate power to issue, but an overissue does not occur if appropriate action has cured the overissue.

2.Exceptasotherwiseprovidedinsubsections3and4,theprovisionsofthisArticlewhich validate a security or compel its issue or reissue do not apply to the extent that validation, issue, or reissue would result in overissue.

3.If an identical security not constituting an overissue is reasonably available for purchase, a person entitled to issue or validation may compel the issuer to purchase the security and deliver it if certificated or register its transfer if uncertificated, against surrender of any security certificate the person holds.

4.If a security is not reasonably available for pur

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1. In this section, “overissue” means the issue of securities in excess of the amount the
issuer has corporate power to issue, but an overissue does not occur if appropriate action has
cured the overissue.
2. Exceptasotherwiseprovidedinsubsections3and4,theprovisionsofthisArticlewhich
validate a security or compel its issue or reissue do not apply to the extent that validation,
issue, or reissue would result in overissue.
3. If an identical security not constituting an overissue is reasonably available for
purchase, a person entitled to issue or validation may compel the issuer to purchase the
security and deliver it if certificated or register its transfer if uncertificated, against surrender
of any security certificate the person holds.
4. If a security is not reasonably available for purchase, a person entitled to issue or

validation may recover from the issuer the price the person or the last purchaser for value
paid for it with interest from the date of the person’s demand.

Legislative History

[S13, §3060-a52, -a57, -a58, -a59; C24, 27, 31, 35, 39, §9512, 9517 – 9519; C46, §541.52, 541.57 – 541.59; C50, 54, 58, 62, §493A.4, 493A.7, 541.52, 541.57 – 541.59; C66, 71, 73, 75, 77, 79, 81, §554.8301]