Unless the articles provide that common stock shall receive no dividends, the directors may declare noncumulative dividends thereon at such rate as they may fix, not exceeding eight percent per annum.
[C35, § 8512-g23; C39, § 8512.23; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 499.23]
Previous Section 499.22
Next Section 499.24
© 2003 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: Tue Jan 28 13:52:42 CST 2003
URL: /DOCS/IACODE/2003/499/23.html
jhf