Iowa Code

Iowa Code § 491.3 (2026)

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✓ current as of July 2026

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Among the powers of such corporations are the following: 1. To have perpetual succession. 2. To sue and be sued by its corporate name. 3. To have a common seal, which it may alter at pleasure. 4. To render the interests of the stockholders transferable. 5. To exempt the private property of its members from liability for corporate debts, except as otherwise declared. 6. To make contracts and acquire and transfer property, possessing the same powers in such respects as natural persons. 7. To establish bylaws, and make all rules and regulations necessary for the management of its affairs. 8. A corporation organized under or subject to this chapter may make indemnification as provided in sections 490.850 through 490.859. [C51, §674; R60, §1151; C73, §1059; C97, §1609; C24, 27, 31, 35, 39, §8341; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §491.3] 83 Acts, ch 71, §2; 90 Acts, ch 1205, §29; 2002 Acts, ch 1154, §102, 125; 2015 Acts, ch 29, §63; 2015 Acts, ch 30, §160

Notes of Decisions

Cited in 5 cases, 1958–2015 · leading case: Miller v. Register & Tribune Syndicate, Inc., 336 N.W.2d 709 (Iowa 1983).

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Miller v. Register & Tribune Syndicate, Inc., 336 N.W.2d 709 (Iowa 1983). · cites it 4× “NOTES [1] The derivation of the corporate powers enumerated in section 491.3 is 1847 Iowa Acts chapter 81.”

City of Iowa City, Iowa v. Iowa City Bd. of Review v. Iowa City Bd. of Review, 863 N.W.2d 663 (Iowa 2015). · cites it 4× “” Iowa Code § 491.3 (6) (1946) (amended 1970, 1983, 1990, 2002); see also 1947 Iowa Acts ch.”

Pittsburgh-Des Moines Steel Co. v. Inc. Town of Clive, 91 N.W.2d 602 (Iowa 1958). · cites it 2× “Sections 491.3(6) and 494.14, Code 1954, I.”

Amended July 21, 2015 City of Iowa City, Iowa v. Iowa City Bd. of Review v. Iowa City Bd. of Review (Iowa 2015). · cites it 2× “” Iowa Code § 491.3 (6) (1946) (amended 1970, 1983, 1990, 2002); see also 1947 Iowa Acts ch.”

Wagner v. Farmers Hi-Yield Fertilizer, Inc., 109 N.W.2d 439 (Iowa 1961). · cites it 2× “The Articles of Incorporation are- silent as to- matters of management and also make no mention of by-laws, however section 491.3(7), Code of Iowa, makes such right inherent in the *976 corporate body.”

— Iowa Code § 491.3(6) — 1 case

Pittsburgh-Des Moines Steel Co. v. Inc. Town of Clive, 91 N.W.2d 602 (Iowa 1958). “Sections 491.3(6) and 494.14, Code 1954, I.”

— Iowa Code § 491.3(7) — 1 case

Wagner v. Farmers Hi-Yield Fertilizer, Inc., 109 N.W.2d 439 (Iowa 1961). “The Articles of Incorporation are- silent as to- matters of management and also make no mention of by-laws, however section 491.3(7), Code of Iowa, makes such right inherent in the *976 corporate body.”

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