Iowa Code > Chapter 504 > § 504.1301 Iowa Code 504.1301 – Prohibited distributions Current as of: 2024 | Check for updates | Other versions Need help reviewing 501c forms?Have it reviewed by a lawyer, get answers to your questions and move forward with confidence.Connect with a lawyer now Except as authorized by section 504.1302, a corporation shall not make any distributions. Previous sectionNext section Chapter 504 Contents