499.15 - CERTIFICATES OF MEMBERSHIP OR STOCK. - Iowa Statutes

499.15 CERTIFICATES OF MEMBERSHIP OR STOCK. The association may issue certificates of membership or stock, each of which states the fixed dividend, if any, and the restrictions or limitations upon its ownership, voting, transfer, redemption, or cancellation.          Section History: Early Form [C35, § 8512-g15; C39, § 8512.15; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 499.15]          Section History: Recent Form 2007 Acts, ch 23, §1