Section 490.142 - Number of shareholders1. For purposes of this chapter, any of the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder: a. Three or fewer co-owners.b. A corporation, partnership, trust, estate, or other entity.c. The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.2. For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.89 Acts, ch 288, §17; 2021 Acts, ch 165, § 15, 230
Amended by 2021 Iowa, ch 165, s 15, eff. 1/1/2022.