GroundRules
Iowa Code § 499.23: Dividends on common stock.
Where this section sits in the code
- Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
- Chapter 499 - COOPERATIVE ASSOCIATIONS
- Subchapter I - GENERAL PROVISIONS
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.
Collected 2026-09-14T19:40:12Z. Source file · JSON