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Iowa Code Title XII. Business Entities [Chs. 486-504C] § 491.22. Individual property liable

Current as of January 01, 2024 | Updated by Findlaw Staff

A failure to substantially comply with the foregoing requirements in relation to organization and publicity shall render the individual property of the stockholders liable for the corporate debts; but corporators and stockholders in railway and street railway companies shall be liable only for the amount of stock held by them therein.

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Cite this article: FindLaw.com - Iowa Code Title XII. Business Entities [Chs. 486-504C] § 491.22. Individual property liable - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xii-business-entities-chs-486-504c/ia-code-sect-491-22/

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