660.7 - DUTY OF TRUSTEES. - Iowa Statutes

660.7 DUTY OF TRUSTEES. The trustees shall proceed immediately to collect the debts and pay the liabilities of the corporation, and to divide the surplus among those thereto entitled.          Section History: Early Form [C51, § 2169; R60, § 3751; C73, § 3363; C97, § 4331; C24, 27, 31, 35, 39, § 12435; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 660.7]