492.5 Par value required.
No corporation organized under the laws of this state shall issue any certificate of a share of capital stock, or any substitute therefor, until the corporation has received the par value thereof.
[S13, §1641-b; C24, 27, 31, 35, 39, §8412; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §492.5]
2012 Acts, ch 1017, §93
Referred to in §492.10, 492.11, 492.12, 495.1
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.