Whenever an association created under this chapter shall purchase the business of another association, person, or persons, it may pay for the same in whole or in part by issuing to the selling association or person shares of its capital stock to an amount, which at fair market value as determined by the executive council, would equal the fair market value of the business so purchased as determined by the executive council as in cases of other corporations.
[SS15, § 1641-r10; C24, 27, 31, 35, 39, § 8471; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 497.13]
Payment in property other than money, § 492.6 et seq.
Previous Section 497.12
Next Section 497.14
© 2001 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Mon Jan 22 17:13:42 CST 2001
URL: /DOCS/IACODE/2001/497/13.html
jhf