Iowa Code 491.22 – Individual property liable
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Terms Used In Iowa Code 491.22
- property: includes personal and real property. See Iowa Code 4.1
A failure to substantially comply with the foregoing requirements in relation to organization and publicity shall render the individual property of the stockholders liable for the corporate debts; but corporators and stockholders in railway and street railway companies shall be liable only for the amount of stock held by them therein.