492.11 Dissolution — distribution of assets.
Any corporation violating the provisions of sections 492.5 through 492.8 shall, upon the application of the attorney general, in behalf of the state, made to any court of competent jurisdiction, be dissolved, its affairs wound up, and its assets distributed among the stockholders other than those who have received the stock so unlawfully issued.
[S13, §1641-e; C24, 27, 31, 35, 39, §8418; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §492.11]
2021 Acts, ch 80, §317
Section amended
Structure Iowa Code
Section 492.1 - Endorsement of amount paid.
Section 492.2 - Effect of violation.
Section 492.4 - Certain corporations excepted.
Section 492.5 - Par value required.
Section 492.6 - Payment in property other than cash.
Section 492.7 - Executive council to fix amount.
Section 492.8 - Elements considered in fixing amount.
Section 492.9 - Certificate of issuance of stock.
Section 492.10 - Cancellation of stock — reimbursement.