Iowa Code

Iowa Code § 490.1326 (2026)

Procedure if shareholder dissatisfied with payment or offer

✓ current as of July 2026

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1. A shareholder paid pursuant to section 490.1324 who is dissatisfied with the amount of the payment shall notify the corporation in writing of that shareholder’s estimate of the fair value of the shares and demand payment of that estimate, less any payment under section 490.1324 plus interest. A shareholder offered payment under section 490.1325 who is dissatisfied with that offer shall reject the offer and demand payment of the shareholder’s stated estimate of the fair value of the shares plus interest.

2. A shareholder who fails to notify the corporation in writing of that shareholder’s demand to be paid the shareholder’s stated estimate of the fair value plus interest under subsection 1 within thirty days after receiving the corporation’s payment or offer of payment under section 490.1324 or 490.1325, respectively, waives the right to demand payment under\n\nTue Dec 09 22:07:44 2025 Iowa Code 2026, Chapter 490 (142, 1) 113 BUSINESS CORPORATIONS, §490.1331\n\nthis section and shall be entitled only to the payment made or offered pursuant to those respective sections. 89 Acts, ch 288, §140; 91 Acts, ch 211, §10; 97 Acts, ch 171, §13; 2002 Acts, ch 1154, §87, 125; 2021 Acts, ch 165, §167, 230 Referred to in §490.1301, 490.1324, 490.1325, 490.1330, 490.1331\n\n 490.1327 and 490.1328 Repealed by 2002 Acts, ch 1154, §123, 125. \n

Notes of Decisions

Cited in 3 cases, 2007–2015 · leading case: Nw. Inv. Corp. v. Wallace, 741 N.W.2d 782 (Iowa 2007).

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Nw. Inv. Corp. v. Wallace, 741 N.W.2d 782 (Iowa 2007). · cites it 2× “The minority shareholders made a timely demand for further payment under Iowa Code section 490.1326. They demanded $64 per share for their old stock.”

Nw. Inv. Corp. Vs. Emmett Lee Wallace, William R. Harvey & Helen I. Harvey (Iowa 2007). · cites it 2× “The minority shareholders made a timely demand for further payment under Iowa Code section 490.1326. They demanded $64 per share for their old stock.”

Twc I, L.L.c, F/K/A the Weitz Co. I, Inc. & Twc II, L.L.C., F/K/A the Weitz Co. II, Inc., plaintiffs/counterclaim-defendants/appellees/cross-appellants v. Craig Damos, defendant/counterclaim-plaintiff/appellant/cross-appellee. (Iowa Ct. App. 2015). “§ 490.1326. The corporation then can seek court action to determine the value of the shares at issue by filing suit within sixty days of the demand made by the shareholder.”

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