Iowa Code § 490.1502
Registration to do business in this state
Redline — January 1, 2022 → current.View current text →
Current — January 1, 2023
As of January 1, 2022
1. A foreign corporation shall not do business in this state until it registers with the secretary of state under this chapter.
1. A foreign corporation shall not do business in this state until it registers with the secretary of state under this chapter.
2. A foreign corporation doing business in this state shall not maintain a proceeding in any court of this state until it is registered to do business in this state.
2. A foreign corporation doing business in this state shall not maintain a proceeding in any court of this state until it is registered to do business in this state.
3. The failure of a foreign corporation to register to do business in this state does not impair the validity of a contract or act of the foreign corporation or preclude it from defending a proceeding in this state.
3. The failure of a foreign corporation to register to do business in this state does not impair the validity of a contract or act of the foreign corporation or preclude it from defending a proceeding in this state.
4. A limitation on the liability of a shareholder or director of a foreign corporation is not waived solely because the foreign corporation does business in this state without registering.
4. A limitation on the liability of a shareholder or director of a foreign corporation is not waived solely because the foreign corporation does business in this state without registering.
5. Section 490.1501, subsection 1, applies even if a foreign corporation fails to register under this chapter.
5. Section 490.1501, subsection 1, applies even if a foreign corporation fails to register under this chapter.
89 Acts, ch 288, §162; 2021 Acts, ch 165, §188, 230
89 Acts, ch 288, §162; 2021 Acts, ch 165, §188, 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.