491.65 - ESTOPPEL.
491.65 ESTOPPEL. No person or persons acting as a corporation shall be permitted to set up the want of a legal organization as a defense to an action against them as a corporation, nor shall any person sued on a contract made with such an acting corporation, or sued for an injury to its property, or a wrong done to its interests, be permitted to set up a want of such legal organization in the person's defense.
Section History: Early Form [C51, § 704; R60, § 1181; C73, § 1089; C97, § 1636; C24, 27, 31, 35, 39, § 8401; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 491.65]