491.42 - FORFEITURE. - Iowa Statutes

491.42 FORFEITURE. Any intentional violation by the board of directors or the managing officers of the corporation of the provisions of sections 491.40 and 491.41 shall work a forfeiture of the corporate privileges, to be enforced as provided by law.          Section History: Early Form [C51, § 690; R60, § 1167; C73, § 1074; C97, § 1622; C24, 27, 31, 35, 39, § 8379; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 491.42]