Iowa Code

Iowa Code § 504.301 (2026)

Purposes

✓ current as of July 2026

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1. Every corporation incorporated under this chapter has the purpose of engaging in any lawful activity unless a more limited purpose is set forth in the articles of incorporation.

2. A corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under this chapter only if incorporation under this chapter is not prohibited by the other statute. The corporation shall be subject to all limitations of the other statute. 2004 Acts, ch 1049, §24, 192 Referred to in §504.401 \n

Notes of Decisions

Cited in 5 cases (2 in the last 5 years), 2011–2023 · leading case: Iowa Individual Health Benefit Reinsurance Ass'n v. State Univ. of Iowa, Iowa State Univ. of Sci. & Tech., & Univ. of N. Iowa, 876 N.W.2d 800 (Iowa 2016).

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Iowa Individual Health Benefit Reinsurance Ass'n v. State Univ. of Iowa, Iowa State Univ. of Sci. & Tech., & Univ. of N. Iowa, 876 N.W.2d 800 (Iowa 2016). · cites it 10× “1049, § 24 (codified at Iowa Code § 504.301 (2005)). Its predecessor, chapter 504A, did not contain an equivalent provision limiting the powers of a nonprofit corporation subject to regulation by statute.”

Isu Veterinary Servs. Corp. v. Reimer, 779 F. Supp. 2d 970 (S.D. Iowa 2011). · cites it 2× “Iowa Code § 504.301 (l)-(2). As discussed above, VSC is not in violation of Iowa’s Veterinary Practice Act, and Defendants cite no other statute prohibiting VSC’s incorporation.”

Iowa Individual Health Benefit Reinsurance Ass'n v. State Univ. of Iowa, Iowa State Univ. of Sci. & Tech., & Univ. of N. Iowa (Iowa Ct. App. 2015). · cites it 2× “Specifically, Iowa Code section 504.301(2) states: “A corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under this chapter only if incorporation under this chapter is not prohibited by the other statute.”

Iowa Individual Health Benefit Reinsurance Ass'n v. State Univ. of Iowa, Iowa State Univ. of Sci. & Tech., & Univ. of N. Iowa (Iowa 2023). “§ 504.301(2) (“A corporation engaging in an activity that is subject to regulation under another statute of this state .”

— Iowa Code § 504.301(2) — 4 cases

Iowa Individual Health Benefit Reinsurance Ass'n v. State Univ. of Iowa, Iowa State Univ. of Sci. & Tech., & Univ. of N. Iowa, 876 N.W.2d 800 (Iowa 2016). “1049, § 24 (codified at Iowa Code § 504.301 (2005)). Its predecessor, chapter 504A, did not contain an equivalent provision limiting the powers of a nonprofit corporation subject to regulation by statute.”

Iowa Individual Health Benefit Reinsurance Ass'n v. State Univ. of Iowa, Iowa State Univ. of Sci. & Tech., & Univ. of N. Iowa (Iowa Ct. App. 2015). “Specifically, Iowa Code section 504.301(2) states: “A corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under this chapter only if incorporation under this chapter is not prohibited by the other statute.”

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