Iowa Code § 490.1501
Governing law
Redline — January 1, 2022 → current.View current text →
Current — January 1, 2023
As of January 1, 2022
1. The law of the jurisdiction of formation of a foreign corporation governs all of the following:
1. The law of the jurisdiction of formation of a foreign corporation governs all of the following:
a. The internal affairs of the foreign corporation.
a. The internal affairs of the foreign corporation.
b. The interest holder liability of its shareholders.
b. The interest holder liability of its shareholders.
2. A foreign corporation is not precluded from registering to do business in this state because of any difference between the law of the foreign corporation’s jurisdiction of formation and the law of this state.
2. A foreign corporation is not precluded from registering to do business in this state because of any difference between the law of the foreign corporation’s jurisdiction of formation and the law of this state.
3. Registration of a foreign corporation to do business in this state does not permit the foreign corporation to engage in any business or affairs or exercise any power that a domestic corporation cannot lawfully engage in or exercise in this state.
3. Registration of a foreign corporation to do business in this state does not permit the foreign corporation to engage in any business or affairs or exercise any power that a domestic corporation cannot lawfully engage in or exercise in this state.
89 Acts, ch 288, §161; 2021 Acts, ch 165, §187, 230
89 Acts, ch 288, §161; 2021 Acts, ch 165, §187, 230
2021 amendment effective January 1, 2022; 2021 Acts, ch 165, §230
Section stricken and rewritten
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.