Iowa Code § 504.301

Current through bills signed by governor as of 5/17/2024
Section 504.301 - Purposes
1. Every corporation incorporated under this chapter has the purpose of engaging in any lawful activity unless a more limited purpose is set forth in the articles of incorporation.
2. A corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under this chapter only if incorporation under this chapter is not prohibited by the other statute. The corporation shall be subject to all limitations of the other statute.

Iowa Code § 504.301

2004 Acts, ch 1049, §24, 192

Referred to in §504.401