Statutes > Iowa Statutes > Title 12 - Business Entities > Subtitle 2 - Business and Professional Corporations and Companies > CHAPTER 491 - CORPORATIONS FOR PECUNIARY PROFIT > 491.54 - LIABILITY OF COLLATERAL HOLDER.

491.54 - LIABILITY OF COLLATERAL HOLDER.

        491.54  LIABILITY OF COLLATERAL HOLDER.         No holder of stock as collateral security shall be liable for      assessments on the same.
         Section History: Early Form
         [C97, § 1626; C24, 27, 31, 35, 39, § 8390; C46, 50, 54, 58,      62, 66, 71, 73, 75, 77, 79, 81, § 491.54]