Skip to main content

Iowa Code Title XII. Business Entities [Chs. 486-504C] § 491.58. Liability of stockholders

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Neither anything in this chapter contained, nor any provisions in the articles of corporation, shall exempt the stockholders from individual liability to the amount of the unpaid installments on the stock owned by them, or transferred by them for the purpose of defrauding creditors;  and execution against the company may, to that extent, be levied upon the private property of any such individual.  

Cite this article: FindLaw.com - Iowa Code Title XII. Business Entities [Chs. 486-504C] § 491.58. Liability of stockholders - last updated January 01, 2020 | https://codes.findlaw.com/ia/title-xii-business-entities-chs-486-504c/ia-code-sect-491-58.html


FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Thank you. Your response has been sent.

Copied to clipboard