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Iowa Code § 490.740

Part definitions

Known as the Iowa Business Corporation Act

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

As used in this part:

1. “Derivative proceeding” means a civil suit in the right of a domestic corporation or, to the extent provided in section 490.747, in the right of a foreign corporation.

2. “Shareholder” means a record shareholder, a beneficial shareholder, and an unrestricted voting trust beneficial owner.

89 Acts, ch 288, §71; 2002 Acts, ch 1154, §23, 125; 2021 Acts, ch 165, §80, 230

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