506.8 Liability to stockholders. Any person, association, or corporation who sells or aids in selling or causes to be sold any stock, certificate of membership, or evidence of interest in any such corporation orassociation, in violation of law, shall be personally liable to any person to whom the person,association or certificate of membership or evidence of interest, in an amount equal to theprice paid therefor by such person with legal interest, and suit to recover the same may bebrought by such purchasers, jointly or severally, in any court of competent jurisdiction. [C24, 27, 31, 35, 39, §8622; C46, 50, 54, 58, 62, §506.7; C66, 71, 73, 75, 77, 79, 81, §506.8] Sat Dec 23 00:38:53 2023 Iowa Code 2024, Section 506.8 (14, 0)
Iowa Legal Code