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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.44 - DIVIDENDS.

        515.44  DIVIDENDS.
         The directors or managers of a stock company, incorporated under
      the laws of this state shall make no dividends except from the earned
      profits arising from their business, which shall not include
      contributed capital or contributed surplus.
         Section History: Early Form
         [C73, § 1136; C97, § 1702; C24, 27, 31, 35, 39, § 8936; C46,
      50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.44]
         Referred to in § 515.46

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