2011 Iowa Code
TITLE XII BUSINESS ENTITIES
SUBTITLE 2 BUSINESS AND PROFESSIONAL CORPORATIONS AND COMPANIES
CHAPTER 491 CORPORATIONS FOR PECUNIARY PROFIT
491.22 Individual property liable.


IA Code § 491.22 What's This?

491.22 Individual property liable.

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.

[C51, §689; R60, §1166, 1338; C73, §1068; C97, §1616; C24, 27, 31, 35, 39, §8362; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §491.22]

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