2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.625 - CONTENT OF CERTIFICATES.

        490.625  CONTENT OF CERTIFICATES.
         1.  Shares may be, but need not be, represented by certificates.
      Unless this chapter or another section expressly provides otherwise,
      the rights and obligations of shareholders are identical whether or
      not their shares are represented by certificates.
         2.  At a minimum each share certificate must state on its face all
      of the following:
         a.  The name of the issuing corporation and that it is
      organized under the law of this state.
         b.  The name of the person to whom issued.
         c.  The number and class of shares and the designation of the
      series, if any, the certificate represents.
         3.  If the issuing corporation is authorized to issue different
      classes of shares or different series within a class, the
      designations, relative rights, preferences, and limitations
      applicable to each class, the variations in rights, preferences, and
      limitations determined for each series, and the authority of the
      board of directors to determine variations for future series must be
      summarized on the front or back of each certificate.  Alternatively,
      each certificate may state conspicuously on its front or back that
      the corporation will furnish the shareholder this information on
      request in writing and without charge.
         4.  Each share certificate:
         a.  Must be signed either manually or in facsimile by two
      officers designated in the bylaws or by the board of directors.
         b.  May bear the corporate seal or its facsimile.
         5.  If the person who signed, either manually or in facsimile, a
      share certificate no longer holds office when the certificate is
      issued, the certificate is nevertheless valid.  
         Section History: Recent Form
         89 Acts, ch 288, §46
         Referred to in § 490.604, 490.626, 534.508

Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.