{"data":{"id":"us-ia/iowa-code-499.23","jurisdiction":"us-ia","citation":"Iowa Code § 499.23","heading":"Dividends on common stock.","body":"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.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 499 - COOPERATIVE ASSOCIATIONS","Subchapter I - GENERAL PROVISIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/499.23.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"5420a30792ed3b7aadde31f5ea47b8266bbb1f49cefd0001900775ec6094ea59","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-499.22","next":"us-ia/iowa-code-499.24"},"notice":"GroundRules: Original legal text. Not legal advice."}