497.11 Ownership of shares and voting power limited.
55 words·~1 min read·
/ia/chapter-497-cooperative-associations/497-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No stockholder in any such association shall own shares of a greater aggregate par value than five thousand dollars, except as hereinafter provided, nor shall a stockholder be entitled to more than one vote.
[SS15, §1641-r8; C24, 27, 31, 35, 39, §8469; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §497.11]