§ 492.5

492.5 Par value required. No corporation organized under the laws of this state shall issue any certificate of a share of capital stock, or any substitute therefor, until the corporation has received the par value thereof. [S13, §1641-b; C24, 27, 31, 35, 39, §8412; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §492.5] 2012 Acts, ch 1017, §93 Referred to in §492.10, 492.11, 492.12, 495.1