{"data":{"id":"us-ia/iowa-code-496b.19","jurisdiction":"us-ia","citation":"Iowa Code § 496B.19","heading":"Dissolution.","body":"A development corporation may be dissolved upon the affirmative vote of two-thirds of the votes to which the shareholders thereof shall be entitled and two-thirds of the votes to which the members shall be entitled. Upon any dissolution of a development corporation, none of the corporation’s assets shall be distributed to the shareholders until all sums due the members of the corporation as creditors thereof have been paid in full.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/496B.19.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"e1a9bfdb893480dd57393d218e5c603f35ae52360f6efa2002af2427fa99c635","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-496b.18","next":"us-ia/iowa-code-496b.20"},"notice":"GroundRules: Original legal text. Not legal advice."}