Iowa Code 499.12 – Exemption of private property
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Terms Used In Iowa Code 499.12
- 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.
- property: includes personal and real property. See Iowa Code 4.1
The private property of the members or stockholders shall be exempt from execution for the debts of the corporation.