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2020 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 499 - COOPERATIVE ASSOCIATIONS
Section 499.24 - Preferred stock.
Universal Citation: IA Code § 499.24 (2020)
499.24 Preferred stock.
Preferred stock shall bear cumulative or noncumulative dividends as fixed by the articles. It shall have no vote. It shall be issued and be transferable without regard to eligibility or membership, and be redeemable on terms specified in the articles and as provided for in this chapter. The directors shall determine the time and amount of its issue.
[C35, §8512-g24; C39, §8512.24; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.24]
2011 Acts, ch 27, §1
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