Iowa Code 504.203 – Incorporation
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1. Unless a delayed effective date is specified, the corporate existence begins when the articles of incorporation are filed.
Terms Used In Iowa Code 504.203
- articles: includes amended and restated articles of incorporation and articles of merger. See Iowa Code 504.141
- filing: means filed in the office of the secretary of state. See Iowa Code 504.141
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- Proceeding: includes a civil suit and criminal, administrative, or investigatory actions. See Iowa Code 504.141
- Secretary: means the corporate officer to whom the board of directors has delegated responsibility under section 504. See Iowa Code 504.141
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
2. The secretary of state‘s filing of the articles of incorporation is conclusive proof that the incorporators satisfied all conditions precedent to incorporation except in a proceeding by the state to cancel or revoke the incorporation or involuntarily dissolve the corporation.