493.1 Authorization.
Any corporation, heretofore or hereafter organized for pecuniary profit under the laws of this state, except state banks, trust companies, and insurance companies, may create one or more classes of stock without any nominal or par value, with such rights, preferences, privileges, voting powers, limitations, restrictions and qualifications thereon not inconsistent with law as shall be expressed in its articles of incorporation, or any amendment thereto. Stock without par value which is preferred as to dividends, or as to its distributive share of the assets of the corporation upon dissolution, may be made subject to redemption at such times and prices as may be determined in such articles of incorporation, or any amendment thereto. In the case of stock without par value which is preferred as to its distributive share of the assets of the corporation upon dissolution, the amount of such preference shall be stated in the articles of incorporation, or any amendment thereto.
[C31, 35, §8419-c1; C39, §8419.01; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §493.1]
2012 Acts, ch 1017, §95
Structure Iowa Code
Chapter 493 - STOCK WITHOUT PAR VALUE
Section 493.1 - Authorization.
Section 493.2 - Par value — method of stating.
Section 493.3 - Amount of stock.
Section 493.5 - Liability of holder.
Section 493.6 - Status of stock.
Section 493.7 - Certificates of stock.
Section 493.8 - Number of shares.
Section 493.9 - Change in stock.
Section 493.10 - Convertibility.