Iowa Code (Last Updated: December 05, 2016) |
Title XII. BUSINESS ENTITIES |
Chapter 490. BUSINESS CORPORATIONS |
Section 490.142. Number of shareholders.
Latest version.
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1. For purposes of this chapter, any of the following identified as a shareholder in a corporation’s current record of shareholders constitutes one shareholder:
a. Three or fewer co-owners.
b. A corporation, partnership, trust, estate, or other entity.
c. The trustees, guardians of the property, custodians, or other fiduciaries of a single trust, estate, or account.
2. For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.