491.66 - DISSOLUTION -- RECEIVERSHIP.
491.66 DISSOLUTION -- RECEIVERSHIP. Courts of equity shall have full power, on good cause shown, to dissolve or close up the business of any corporation, and to appoint a receiver therefor, who shall be a resident of the state of Iowa. An action therefor may be instituted by the attorney general in the name of the state, reserving, however, to the stockholders and creditors all rights now possessed by them.
Section History: Early Form [C97, § 1640; C24, 27, 31, 35, 39, § 8402; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 491.66]