Iowa General Assembly Banner


257A.4 Nonprofit corporation.

The foundation as a nonprofit corporation created in section 257A.1 has perpetual succession. The succession shall continue un- til the existence of the corporation is terminated by law. If the corporation is terminated, the rights and properties of the corporation shall pass to the state. However, debts and other financial obligations shall not succeed to the state.

Section History: Recent form

85 Acts, ch 213, §4


Return To Home Iowa General Assembly

index Search: Iowa Code 1997

© 1997 Cornell College and League of Women Voters of Iowa


Comments? webmaster@legis.iowa.gov.

Last update: Mon Jan 27 16:05:08 CST 1997
URL: /DOCS/IACODE/1997/257A/4.html
jhf