There is a newer version of the Iowa Code
2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.301 - PURPOSES.
490.301 PURPOSES.
1. A corporation incorporated under this chapter has the purpose
of engaging in any lawful business unless a more limited purpose is
set forth in the articles of incorporation.
2. A corporation engaging in a business that is subject to
regulation under another statute of this state may incorporate under
this chapter only if permitted by, and subject to all limitations of,
the other statute. Section History: Recent Form
89 Acts, ch 288, §25
Referred to in § 490.401
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