The directors or managers of a stock company, incorporated under the laws of this state shall make no dividends except from the earned profits arising from their business, which shall not include contributed capital or contributed surplus.
[C73, § 1136; C97, § 1702; C24, 27, 31, 35, 39, § 8936; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.44]
Referred to in § 515.46
Previous Section 515.43
Next Section 515.45
© 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/2001/515/44.html
jhf