Statutes > Iowa Statutes > Title 15 - Judicial Branch and Judicial Procedures > Subtitle 5 - Special Actions > CHAPTER 660 - QUO WARRANTO > 660.7 - DUTY OF TRUSTEES.

660.7 - DUTY OF TRUSTEES.

        660.7  DUTY OF TRUSTEES.         The trustees shall proceed immediately to collect the debts and      pay the liabilities of the corporation, and to divide the surplus      among those thereto entitled.
         Section History: Early Form
         [C51, § 2169; R60, § 3751; C73, § 3363; C97, § 4331; C24, 27, 31,      35, 39, § 12435; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,      § 660.7]