Iowa Code § 492.2

Current through bills signed by governor as of 5/17/2024

Section 492.2 - Effect of violation

Any certificate of stock issued, delivered, or transferred in violation of section 492.1 when the corporation has not received payment therefor at par in money or property at a valuation approved by the executive council, shall be void, and the issuance, delivery, or transfer of each certificate shall be considered a separate transaction.

Iowa Code § 492.2

C24, 27, 31, 35, 39, §8409; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §492.2

Referred to in §492.3, 492.4