GroundRules
Iowa Code § 490.631: Corporation’s acquisition of its own shares.
Where this section sits in the code
- Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
- Chapter 490 - BUSINESS CORPORATIONS
- Subchapter VI - SHARES AND DISTRIBUTIONS
- Part 3 - SUBSEQUENT ACQUISITION OF SHARES BY SHAREHOLDERS AND CORPORATION
1. A corporation may acquire its own shares and, except as may be otherwise provided pursuant to section 490.632, shares so acquired constitute authorized but unissued shares.
2. If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.
Collected 2026-09-14T19:40:12Z. Source file · JSON