2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.1201 - DISPOSITION OF ASSETS NOT REQUIRING SHAREHOLDER APPROVAL.

        490.1201  DISPOSITION OF ASSETS NOT REQUIRING
      SHAREHOLDER APPROVAL.
         Approval of the shareholders of a corporation is not required to
      do any of the following, unless the articles of incorporation
      otherwise provide:
         1.  To sell, lease, exchange, or otherwise dispose of any or all
      of the corporation's assets in the usual and regular course of
      business.
         2.  To mortgage, pledge, dedicate to the repayment of
      indebtedness, whether with or without recourse, or otherwise encumber
      any or all of the corporation's assets, whether or not in the usual
      and regular course of business.
         3.  To transfer any or all of the corporation's assets to one or
      more corporations or other entities, all of the shares or interests
      of which are owned by the transferring corporation.
         4.  To distribute assets pro rata to the holders of one or more
      classes or series of the corporation's shares.  

         89 Acts, ch 288, §129; 2002 Acts, ch 1154, §76, 125
         Referred to in § 490.1202