Statutes > Iowa Statutes > Title 12 - Business Entities > Subtitle 2 - Business and Professional Corporations and Companies > CHAPTER 491 - CORPORATIONS FOR PECUNIARY PROFIT > 491.1 - WHO MAY INCORPORATE.

491.1 - WHO MAY INCORPORATE.

        491.1  WHO MAY INCORPORATE.         Any number of persons may become incorporated under this chapter      prior to July 1, 1971, for the transaction of any lawful business,      but the incorporation confers no power or privilege not possessed by      natural persons, except as provided in this chapter.  All domestic      corporations shall be organized under chapter 490, except as      expressly provided otherwise in chapter 490.
         Section History: Early Form
         [C51, § 673; R60, § 1150; C73, § 1058; C97, § 1607; C24, 27, 31,      35, 39, § 8339; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,      § 491.1]
         Section History: Recent Form
         83 Acts, ch 101, § 106; 89 Acts, ch 83, § 65; 89 Acts, ch 288, §      186         Referred to in § 521A.14         Incorporation of mutual insurance holding companies resulting from      reorganization of domestic mutual insurance companies, see §521A.14