2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.1303 - ASSERTION OF RIGHTS BY NOMINEES AND BENEFICIAL OWNERS.

        490.1303  ASSERTION OF RIGHTS BY NOMINEES AND
      BENEFICIAL OWNERS.
         1.  A record shareholder may assert appraisal rights as to fewer
      than all the shares registered in the record shareholder's name but
      owned by a beneficial shareholder only if the record shareholder
      objects with respect to all shares of the class or series owned by
      the beneficial shareholder and notifies the corporation in writing of
      the name and address of each beneficial shareholder on whose behalf
      appraisal rights are being asserted.  The rights of a record
      shareholder who asserts appraisal rights for only part of the shares
      held of record in the record shareholder's name under this subsection
      shall be determined as if the shares as to which the record
      shareholder objects and the record shareholder's other shares were
      registered in the names of different record shareholders.
         2.  A beneficial shareholder may assert appraisal rights as to
      shares of any class or series held on behalf of the shareholder only
      if the shareholder does both of the following:
         a.  Submits to the corporation the record shareholder's
      written consent to the assertion of such rights no later than the
      date referred to in section 490.1322, subsection 2, paragraph
      "b", subparagraph (2).
         b.  Does so with respect to all shares of the class or series
      that are beneficially owned by the beneficial shareholder.  

         89 Acts, ch 288, §133; 2002 Acts, ch 1154, §80, 125; 2002 Acts, ch
      1175, § 91