Iowa Code 497.23 – Exemption from report
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 497.23
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- year: means twelve consecutive months. See Iowa Code 4.1
Any corporation organized under the provisions of this chapter after the first day of January shall be exempt from the provisions of section 497.22 for the year in which incorporated, after which it shall, however, be subject to all of the provisions of said section.