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Iowa Code § 490.1702

Name — share certificates

Known as the Iowa Business Corporation Act

The act spans §§ 490–490 (245 sections).

2021 Acts, ch 165, §207, 230

1. The name of a benefit corporation may contain the words “benefit corporation”, the abbreviation “B.C.”, or the designation “BC”, any of which shall be deemed to satisfy the requirements of section 490.401, subsection 1, paragraph “a”.

2. Any share certificate issued by a benefit corporation, and any information statement delivered by a benefit corporation pursuant to section 490.626, subsection 2, must note conspicuously that the corporation is a benefit corporation subject to this subchapter.

Former section 490.1702 stricken effective January 1, 2022, by

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.