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2019 Iowa Code
Title XIII - COMMERCE
Chapter 520 - RECIPROCAL OR INTERINSURANCE CONTRACTS
Section 520.11 - Implied powers of corporations.
Universal Citation: IA Code § 520.11 (2019)
520.11 Implied powers of corporations.
Any corporation now or hereafter organized under the laws of this state shall, in addition to the rights, powers, and franchises specified in its articles of incorporation, have full power and authority to exchange insurance contracts of the kind and character herein mentioned. The right to exchange such contracts is hereby declared to be incidental to the purposes for which such corporations are organized and as fully granted as the rights and powers expressly conferred.
[C24, 27, 31, 35, 39, §9093; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §520.11]
Referred to in §520.14
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