reglab/housing_qa huggingface dataset:
IA Code § 495.1 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 495 - FOREIGN PUBLIC UTILITY CORPORATIONS|Section 495.1 - Capital stock and permit.

495.1 Capital stock and permit.   Sections 492.5 to 492.9 are applicable to any foreign corporation which directly or indirectly owns, uses, operates, controls, or is concerned in the operation of any public gasworks, electric light plant, heating plant, waterworks, interurban or street railway located within the state, or the carrying on of any gas, electric light, electric power, heating business, waterworks, interurban or street railway business within the state, or that owns or controls, directly or indirectly, any of the capital stock of any corporation which owns, uses, operates or is concerned in the operation of any public gasworks, electric light plant, electric power plant, heating plant, waterworks, interurban or street railway located within the state, or any foreign corporation that exercises any control in any way or in any manner over any of such works, plants, interurban or street railways or the business carried on by such works, plants, interurban or street railways by or through the ownership of the capital stock of any corporation or corporations or in any other manner whatsoever, and the ownership, operation, or control of any such works, plants, interurban or street railways or the business carried on by any of such works or plants or the ownership or control of the capital stock in any corporation owning or operating any of such works, plants, interurban or street railways by any foreign corporation in violation of this chapter is unlawful.  [S13, §1641-1; C24, 27, 31, 35, 39, §8433; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §495.1]  93 Acts, ch 126, §13
IA Code § 495.2 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 495 - FOREIGN PUBLIC UTILITY CORPORATIONS|Section 495.2 - Holding companies.

495.2 Holding companies.   The provisions of this chapter are hereby made applicable to all corporations, including so-called “holding companies” which by or through the ownership of the capital stock in any other corporation or corporations or a series of corporations owning or controlling the capital stock of each other can or may exercise control over the capital stock of any corporation which owns, uses, operates, or is concerned in the operation of any public gasworks, electric light plant, electric power plant, heating plant, waterworks, interurban or street railway located in the state, or the business carried on by such works or plants.  [S13, §1641-m; C24, 27, 31, 35, 39, §8434; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §495.2]
IA Code § 495.3 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 495 - FOREIGN PUBLIC UTILITY CORPORATIONS|Section 495.3 - Biennial report — fee.

495.3 Biennial report — fee.   All corporations subject to the provisions of this chapter are hereby required to pay the fee and to make the biennial report in the form and manner and at the time as specified in chapter 490.  [S13, §1641-n; C24, 27, 31, 35, 39, §8435; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §495.3]  2000 Acts, ch 1022, §3
IA Code § 495.4 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 495 - FOREIGN PUBLIC UTILITY CORPORATIONS|Section 495.4 - Sale of capital stock.

495.4 Sale of capital stock.   The provisions of this chapter are hereby made applicable to the sale of its own capital stock by any corporation subject to the provisions of this chapter, whether said capital stock has been heretofore issued by said corporation or not, including the sale of so-called “treasury stock” or stock of the corporation in the hands of a trustee or where the corporation participates in any way or manner in the benefits of said sales, and also to the sale of any of the obligations of any corporation subject to the provisions of this chapter, the payment of which is secured by the deposit or pledge of any of the capital stock of said corporation.  [S13, §1641-o; C24, 27, 31, 35, 39, §8436; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §495.4]
IA Code § 495.5 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 495 - FOREIGN PUBLIC UTILITY CORPORATIONS|Section 495.5 - Violations — stock void.

495.5 Violations — stock void.   Shares of capital stock of any corporation owned or controlled in violation of this chapter shall be void and the holder of such shares shall not be entitled to exercise the powers of a shareholder of the corporation or permitted to participate in or be entitled to any of the benefits accruing to shareholders of the corporation. This chapter shall be construed so as to prevent evasion and to accomplish the intents and purposes of this chapter.  [S13, §1641-p; C24, 27, 31, 35, 39, §8437; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §495.5]  93 Acts, ch 126, §14
IA Code § 495.6 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 495 - FOREIGN PUBLIC UTILITY CORPORATIONS|Section 495.6 - Dissolution — receiver.

495.6 Dissolution — receiver.   Courts of equity shall have full power to dissolve, close up, or dispose of any business or property owned, operated, or controlled in violation of the provisions of this chapter; to dissolve any corporation owning or controlling the capital stock of any other corporation in violation of the provisions of this chapter and to close up or dispose of the business or property of said corporation; and if the court finds that, in order to carry out the purposes of this chapter, it is necessary so to do, it may dissolve the corporation issuing the stock which is owned in violation of the provisions of this chapter, close up the business of said corporation and dispose of its property, and the court may also appoint a receiver who shall be a resident of Iowa for any business or for any corporation which has violated the provisions thereof or of the corporation issuing the stock which is held in violation thereof. Any action to enforce the provisions of this chapter may be instituted by the attorney general in the name of the state of Iowa or by a citizen in the name of the state of Iowa at the citizen’s own proper cost and expense, reserving, however, to the stockholders owning capital stock not held in violation of this chapter all rights possessed by them.  [S13, §1641-q; C24, 27, 31, 35, 39, §8438; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §495.6]
IA Code § 496B.1 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.1 - Title of Act.

496B.1 Title of Act.   This chapter shall be known and may be cited as the “Iowa Economic Development Act”.  [C66, 71, 73, 75, 77, 79, 81, §496B.1]
IA Code § 496B.2 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.2 - Definitions.

496B.2 Definitions.   As used in this chapter, unless the context otherwise requires, the term:   1. “Authority” means the economic development authority created in section 15.105, or any entity which succeeds to the functions of the authority.   2. “Board of directors” means members of the board of directors of a development corporation constituted under section 496B.13 in office from time to time.   3. “Development corporation” means any corporation organized pursuant to this chapter and for the purpose of developing businesses, industries, and enterprises in the state of Iowa by the loaning of money thereto and investing money therein, and otherwise organizing for the purposes in section 496B.5.   4. “Financial institution” means any bank, trust company, savings association, insurance company or related corporation, partnership, foundation or other institution licensed to do business in the state of Iowa and engaged primarily in lending or investing funds.   5. “Loan limit” means, for any member, the maximum amount permitted to be outstanding at any one time on loans made by any such member to a development corporation, as determined herein.   6. “Member” means any financial institution which shall undertake to lend money to a development corporation upon its call and in accordance with the provision of section 496B.9.  [C66, 71, 73, 75, 77, 79, 81, §496B.2]  2011 Acts, ch 118, §82, 83, 89; 2012 Acts, ch 1017, §96  Referred to in §16.1
IA Code § 496B.3 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.3 - Authorized corporations.

496B.3 Authorized corporations.   There is hereby authorized to be incorporated under the Iowa business corporation Act, chapter 490, development corporations which meet and comply with the requirements of this chapter. Such corporations shall be subject to and have the powers and privileges conferred by the provisions of this chapter and those provisions of the Iowa business corporation Act, chapter 490, which are not inconsistent with and to the extent not restricted or limited by the provisions of this chapter. No corporation shall be deemed incorporated pursuant to and under the provisions of this chapter unless the same is approved by the authority and unless its articles of incorporation provide that it is incorporated pursuant to this chapter. To assure a broad base from which development corporations may obtain loans from members, the authority at its discretion may limit the number of development corporations organized and existing pursuant to this chapter to one or more such corporations.  [C66, 71, 73, 75, 77, 79, 81, §496B.3]  2001 Acts, ch 24, §63; 2011 Acts, ch 118, §85, 89
IA Code § 496B.4 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.4 - Offices.

496B.4 Offices.   A development corporation may have offices in such places within the state of Iowa as may be fixed by the board of directors.  [C66, 71, 73, 75, 77, 79, 81, §496B.4]
IA Code § 496B.5 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.5 - Purposes.

496B.5 Purposes.   The purposes of a development corporation shall be limited to those provided in this section and shall be to promote, stimulate, develop and advance the business prosperity and economic welfare of the state of Iowa and its citizens; to encourage and assist through loans, investments, or other business transactions, the location of new business and industry in the state; to rehabilitate and assist existing business and industry in this state; to stimulate and assist in the expansion of any kind of business activity which would tend to promote business development and maintain the economic stability of this state, provide maximum opportunities for employment, encourage thrift, and improve the standard of living of the citizens of this state; to cooperate and act in conjunction with other organizations, public or private, in the promotion and advancement of industrial, commercial, agricultural, and recreational development in this state; and to provide financing for the promotion, development, and conduct of all kinds of business activity in this state.  [C66, 71, 73, 75, 77, 79, 81, §496B.5]  Referred to in §496B.2
IA Code § 496B.7 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.7 - Stock — limitations.

496B.7 Stock — limitations.   Capital stock shall be issued only on receipt by each development corporation of cash in such amount not less than the par value thereof as may be determined by the board of directors. No shareholder of any development corporation shall be entitled as of right to purchase or subscribe for any unissued or treasury shares of the corporation, and no such shareholder shall be entitled as of right to purchase or subscribe for any bonds, notes, certificates of indebtedness, debentures, or other obligations convertible into shares of the development corporation.  [C66, 71, 73, 75, 77, 79, 81, §496B.7]
IA Code § 496B.8 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.8 - Stockholders’ privileges.

496B.8 Stockholders’ privileges.   Notwithstanding any rule at common law or any provision of any general or special law or any provision in their respective articles of incorporation, agreements of association, or trust indentures:   1. Any person, as defined in the Iowa business corporation Act, chapter 490, is hereby authorized to acquire, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of any bond, security or other evidences of indebtedness created by, or the shares of the capital stock of, development corporations, and while owners of said shares to exercise all the rights, powers and privileges of ownership, including the right to vote thereon, all without the approval of any regulatory agency of this state.   2. Any financial institution is hereby authorized to become a member of a development corporation and to make loans to such corporation.   3. Any financial institution which does not become a member of a development corporation shall not be permitted to acquire any shares of the capital stock of such development corporation.   4. Each financial institution which becomes a member of a development corporation is hereby authorized to acquire, purchase, hold, sell, assign, mortgage, pledge, or otherwise dispose of any bonds, securities or other evidences of indebtedness created by, or the shares of the capital stock of, the development corporation of which it is a member, and while owners of such shares to exercise all rights, powers and privileges of ownership, including the right to vote thereon, all without the approval of any regulatory agency of this state; provided that the amount of the capital stock of any development corporation which may be acquired by any member pursuant to the authority granted herein shall not exceed ten percent of the loan limit of such member. The amount of capital stock of a development corporation which any member is authorized to acquire pursuant to the authority granted herein is in addition to the amount of capital stock in other corporations which such member may otherwise be authorized to acquire.  [C66, 71, 73, 75, 77, 79, 81, §496B.8]  89 Acts, ch 180, §2; 2001 Acts, ch 24, §64
IA Code § 496B.10 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.10 - Duration of membership.

496B.10 Duration of membership.   Membership in any development corporation shall be for the duration of the respective development corporation; provided, however, that upon written notice given to the development corporation five years in advance a member thereof may withdraw from membership in such corporation at the expiration date of such notice. Provided that a financial institution may at any time withdraw from membership without such notice in the event of its merger with another financial institution, after commencement of proceedings for voluntary or involuntary dissolution, receivership, or reorganization pursuant to or by operation of federal or state law or in the event of conversion from a state financial institution to a federal financial institution or the reverse. If there shall be a legislative amendment of this chapter affecting the rights and obligations of the members and shareholders or otherwise affecting the articles of incorporation of such corporation which shall not have been approved by the members and shareholders within the time set forth and in the manner provided in this chapter, any member not approving such amendment may immediately withdraw from membership upon giving written notice to the corporation not later than ninety days from the effective date of the amendment. A member shall not be obligated to make any loans to a development corporation pursuant to calls made subsequent to the withdrawal of said member therefrom.  [C66, 71, 73, 75, 77, 79, 81, §496B.10]
IA Code § 496B.11 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.11 - Powers of shareholders.

496B.11 Powers of shareholders.   The shareholders and the members of the development corporation shall have the following powers of such corporation:   1. Those powers granted in the Iowa business corporation Act, chapter 490, which are not inconsistent with the provisions of this chapter.   2. To determine the number and elect directors as provided herein.   3. To amend the articles of incorporation as provided herein.   4. To dissolve the corporation as provided herein.   5. To exercise such other of the powers of the corporation as may be conferred on the shareholders and the members by the bylaws. As to all matters requiring action by the shareholders and the members of the corporation, such shareholders and such members shall vote separately thereon by classes and, except as may be otherwise herein provided, approval of such matters shall require the affirmative vote of a majority of the votes to which the shareholders present or represented at the meeting are entitled, and the affirmative vote of a majority of the votes to which the members present or represented at the meeting are entitled. Each shareholder shall have one vote, in person or by proxy, for each share of capital stock held by the shareholder, and each member shall have one vote, in person or by proxy, except that any member having a loan limit of more than one thousand dollars shall have one additional vote, in person or by proxy, for each additional one thousand dollars which such member is authorized to have outstanding on loans to the corporation at any one time as determined herein.  [C66, 71, 73, 75, 77, 79, 81, §496B.11]  2001 Acts, ch 24, §62
IA Code § 496B.13 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.13 - Board of directors.

496B.13 Board of directors.   The board of directors shall consist of such number not less than fifteen as shall be determined in the first instance by the incorporators and thereafter annually by the members and the shareholders at each annual meeting or at any special meeting held in lieu of the annual meeting. At each annual meeting or at any special meeting held in lieu of the annual meeting, the members of each corporation shall elect two-thirds of the board of directors and the shareholders shall elect the remaining directors. The directors shall hold office until the next annual meeting of the corporation or special meeting held in lieu of the annual meeting after their election, and until their successors are elected and qualify unless sooner removed in accordance with the provisions of the bylaws. Any vacancy in the office of a director elected by the members shall be filled by the directors elected by the members, and any vacancy in the office of a director elected by the shareholders shall be filled by the directors elected by the shareholders.   Notwithstanding any provisions of law to the contrary, officers and directors of insurance companies and other financial institutions may be members of the board of directors of any corporation organized for the purposes of this chapter to which the insurance company or other financial institution may make a loan or may make an investment.  [C66, 71, 73, 75, 77, 79, 81, §496B.13]  Referred to in §496B.2
IA Code § 496B.14 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.14 - Earned surplus set aside.

496B.14 Earned surplus set aside.   Each year each development corporation shall set apart as earned surplus not less than ten percent of its net earnings for the preceding fiscal year until such surplus shall be equal in value to one-half of the amount paid in on the capital stock then outstanding. Whenever the amount of surplus established herein shall become impaired, it shall be built up again to the required amount in the manner provided for its original accumulation. Net earnings and surplus shall be determined by the board of directors, after providing for such reserves as said directors deem desirable, and the directors’ determination made in good faith shall be conclusive on all persons.  [C66, 71, 73, 75, 77, 79, 81, §496B.14]
IA Code § 496B.15 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.15 - Deposit of funds.

496B.15 Deposit of funds.   No development corporation shall deposit any of its funds in any financial institution unless such institution has been designated as a depository by a vote of a majority of the directors present at any authorized meeting of the board of directors exclusive of any director who is an officer or director of the depository so designated. No development corporation shall receive money on deposit.  [C66, 71, 73, 75, 77, 79, 81, §496B.15]
IA Code § 496B.16 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.16 - Reports to department of economic development.

496B.16 Reports to department of economic development. Repealed by  2006 Acts, ch 1100, §7  .
IA Code § 496B.17 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.17 - Certificate to do business.

496B.17 Certificate to do business.   Upon the approval of the authority as required in this chapter and the issuance of a certificate as provided in the Iowa business corporation Act, chapter 490, a development corporation shall then be authorized to commence business and to issue stock thereof to the extent authorized in its articles of incorporation.  [C66, 71, 73, 75, 77, 79, 81, §496B.17]  2001 Acts, ch 24, §64; 2011 Acts, ch 118, §85, 89
IA Code § 496B.19 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.19 - Dissolution.

496B.19 Dissolution.   A development corporation may be dissolved upon the affirmative vote of two-thirds of the votes to which the shareholders thereof shall be entitled and two-thirds of the votes to which the members shall be entitled. Upon any dissolution of a development corporation, none of the corporation’s assets shall be distributed to the shareholders until all sums due the members of the corporation as creditors thereof have been paid in full.  [C66, 71, 73, 75, 77, 79, 81, §496B.19]
IA Code § 496B.20 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496B - ECONOMIC DEVELOPMENT CORPORATIONS|Section 496B.20 - State credit not available.

496B.20 State credit not available.   Under no circumstances is the credit of the state of Iowa pledged herein.  [C66, 71, 73, 75, 77, 79, 81, §496B.20]
IA Code § 496C.1 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496C - PROFESSIONAL CORPORATIONS|Section 496C.1 - Short title.

496C.1 Short title.   This chapter shall be known and may be cited as the “Iowa Professional Corporation Act”.  [C71, 73, 75, 77, 79, 81, §496C.1]
IA Code § 496C.3 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 496C - PROFESSIONAL CORPORATIONS|Section 496C.3 - Applicability of Iowa business corporation Act.

496C.3 Applicability of Iowa business corporation Act.   The Iowa business corporation Act, chapter 490, shall be construed as part of this chapter and shall apply to professional corporations, including, but not limited to, their organization, reports, fees, authority, powers, rights, and the regulation and conduct of their affairs. The provisions of the Iowa business corporation Act, chapter 490, on foreign corporations shall apply to foreign professional corporations. The provisions of this chapter shall prevail over any inconsistent provisions of the Iowa business corporation Act, chapter 490, or any other law.  [C71, 73, 75, 77, 79, 81, §496C.3]  2001 Acts, ch 24, §62